Bulgaria Changes Intrastat Reporting Thresholds for 2020

The National Statistical Institute of Bulgaria has announced the following Intrastat thresholds starting on January 1, 2020:

For Intrastat reporting dispatches, the threshold will increase from BGN 280,000 to BGN 290,000.  For Intrastat reporting arrivals, the threshold will increase from BGN 460,000 to BGN 470,000.  

Thresholds for declaring statistical value are also increasing.  For dispatches, this will be an uplift from BGN 14,400,000 to BGN 15,800,000, and from BGN 7,400,000 to BGN 7,600,000 for arrivals.

The threshold for simplified reporting of single low-value transactions will remain at BGN 390.

For further information regarding these threshold changes, please see the National Statistical Institute’s announcement, here

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Author

Jeff Gambold

Jeff Gambold is a Senior Regulatory Specialist at Sovos, with responsibility for ensuring that the SVR product is kept updated and compliant with the latest VAT legislative changes. Prior to joining Sovos, Jeff worked in various VAT advisory and management roles within HMRC, UK Top 15 accounting practices and commercial business.
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