Bulgaria's Parliament Votes to Raise Mandatory VAT Registration Limit to EUR 60,000

The Bulgarian National Assembly has approved at first reading a government proposal to raise the threshold for mandatory VAT registration to EUR 60,000 next year, with 122 votes in favor from Progressive Bulgaria. Forty-nine lawmakers from GERB-SDS, the Movement for Rights and Freedoms (DPS), Democratic Bulgaria (DB), We Continue the Change (PP) and Revival (Vazrazhdane) opposed the measure. Eleven MPs from Democratic Bulgaria and seven from We Continue the Change abstained. ...