As of 01.08.2023 a new important amendment in the Bulgarian VAT
Act was adopted and entered into force. The amendment is as it
follows:
If at the end of each quarter of a financial year the total
amount of:
- the cash available in the cash registers, and
- the number of receivables (including loans granted) by natural
persons, employees, persons who are employed under Management and
Control Agreements and other accountable persons,
Exceeds 50.000 (fifty thousand) BGN,
then each Company must declare separately for
the respective calendar year by the end of the month following each
quarter, the relevant data from its current accounting bookkeeping,
namely:
- The amount of cash available in the cash register.
