Fiscal subject related
These changes adapt the national legal framework regulating payment supervision and the provision of payment services for the period after Bulgaria's accession to the Eurozone. The bill also includes amendments that introduce measures necessary for the implementation of Regulation (EU) 2023/606 (with a view to creating favorable conditions for the offering of shares or units of European long-term investment funds (ELIF) to non-professional investors) and Regulation (EU) 2024/886 (in order to ensure the provision of instant credit transfers in euros in an efficient and competitive manner). The draft law foresees other changes to refine the legal framework and ensure the effective implementation of payment supervision. Certain changes are proposed, BGN is changed with euro and other changes. The draft is in public consultation until the end of September 2024.
Other news from Bulgaria
New document was uploaded: Law on the introduction of the euro in the Republic of Bulgaria (BG)
The purpose of the law is to determine the general requirements of the process of introducing the euro as an official currency in Bulgaria. The law has been voted by the national ambassador, and official introductions are still pending; after that, the other deadlines can be determined. The law has been voted, although Bulgaria has not yet met the criteria for joining the Eurozone, which is one of the most important conditions. Read more
New document was uploaded: Law on the introduction of the euro in the Republic of Bulgaria (EN)
The purpose of the law is to determine the general requirements of the process of introducing the euro as an official currency in Bulgaria. The law has been voted by the national ambassador, and official introductions are still pending; after that, the other deadlines can be determined. The law has been voted, although Bulgaria has not yet met the criteria for joining the Eurozone, which is one of the most important conditions. Read more
More details about the Law of the Euro in Bulgaria
As a reminder, the adaptation of Law on Euro was published at the end of August. We advise you to read more to stay focused on this topic. Read more
New education was created: Educational videos for Bulgaria
Welcome to our comprehensive overview of fiscalization in Bulgaria. We covered the legal requirements (fiscalization requirements, fiscal devices, business processes, etc.) and technical aspects (transactions, our service, and other technical-related topics) necessary for compliance. In this series of videos, we delve into various topics essential for businesses operating within the Bulgarian land... Read more
What regulations are still expected to be published after the Law of Introduction Euro is accepted by the Bulgarian Parliament, important for retail and fiscalization?
As we stated in our previous news, At the end of July and beginning of August, the Bulgarian Parliament approved the regulations for replacing the lev with the euro, even though Bulgaria has not yet met the criteria for joining the Eurozone. But still, there are no official publications of the Law of the Euro, no dates when the Euro will be only a legal tender, how long will last the double curren... Read more
EU to protect domestic e-commerce sellers with a cross-border tax reform
As online shopping continues to grow, the European Union is planning to implement new regulations to protect local e-commerce sellers. One significant change affects consumers who shop on international platforms like Temu or AliExpress. The EU has already taken some steps at the first sign of growing foreign e-commerce sellers, and since July 1, 2021, all goods entering the EU, regardless of their... Read more