Increase of INTRASTAT thresholds in Bulgaria in 2024

Bulgaria, a country with a rapidly growing economy and a member of the European Union, has made changes to Intrastat thresholds starting in 2024. In line with EU Regulation 2019/2152 and a desire to reduce the statistical reporting burden on businesses identified as VAT payers, the Bulgarian tax authorities have decided to raise the basic and specific Intrastat thresholds.

New Intrastat thresholds effective in Bulgaria from 2024

• The Intrastat import value threshold has been raised from BGN 700,000 to BGN 1,650,000, and the specific threshold from BGN 11,000,000 to BGN 16,000,000.
• The Intrastat export value threshold was raised from BGN 1,000,000 to BGN 1,900,000, and the specific threshold from BGN 29,300,000 to BGN 37,200,000.

In the context of the European Union’s requirements, Bulgaria requires the submission of Intrastat declarations to the National Revenue Agency, valid for recording intra-Community transportation, both exports and imports to and from the country. The deadline for filing the declaration is the 14th of the month following the reporting period.

You can find the INTRASTAT thresholds applicable in other countries on our website: Current Intrastat thresholds and VAT rates in Europe.

VAT rates and registration

Bulgaria has two VAT rates: a standard rate of 20% and a reduced rate of 9%. In addition, some services are taxed at a zero rate. VAT registration is possible for companies based in Bulgaria and for non-residents. For more detailed information, click here: Bulgaria VAT – The Rates & Registration.

Summary

For e-commerce sellers, especially those operating in Bulgaria, it is important to understand these changes. We recommend that you regularly follow the changes in Intrastat thresholds and consult with experts to effectively comply with the new legal requirements: Contact us – amavat ®.

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amavat® team