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March' 2015 | Archive | Blog

VAT Registration Threshold to Increase

2015-03-20

Bulgarian Economy Ministry is considering increasing the lower threshold for VAT registration from 50,000 BGN (25,000 EUR) to 200,000 BGN (100,000 EUR). Economy Minister, Bozhidar Lukarski, declared the measure was requested by inter-branch organizations and the authorities hope this would help Bulgarian small and medium-sized companies to exit the informal economy.

Bulgaria to Simplify Tourist Visa for Russian Citizens

2015-03-07

Bulgarian Minister of Tourism, Nikolina Angelkova, agreed with Foreign Minister on the simplification of tourist visa procedures for Russian, Ukrainian, Belarusian, Kazakhstani, Armenian and Georgian citizens.  The measure is designed to encourage citizens to spend their vacations in Bulgaria considering their number has decreased during the last years due to the complicated procedures of obtaining tourist visas. Bulgaria adopted the same measures for Turkish tourists and, considering the success the program had, decided to introduce the system for Russian tourists, as well.