“If the Government accepts the proposal of the National Revenue Agency  for raising the threshold for registration under the VAT Act, many companies would be deprived of the possibility to bid in public procurement tenders. Instead of making yet another legislative amendment, the current laws should be better applied,” Koycho Rusev, Chairman of the Union of Road Transport Organisations and of the National Transport Chamber, said in an interview for Focus agency.
According to him, if deregistration under the VAT Act and the Accounting Act is necessitated, the respective companies would have to recover the tax credit used for all their assets. “This simply means that the sum to be recovered is equal to 20% of the market value of buildings, facilities, parking areas, vehicles, etc.,” explained Rusev.