02.07.23
Local currency change to Euro
Tungsten successfully accommodated Croatia’s local currency change from Croatian Kuna to the Euro, effective 1 January 2023.
Bulgaria is similarly preparing to transition its local currency, the Bulgarian Lev, to the Euro currency. It has targeted an implementation date of 1 January 2024.
As with our Croatia local currency change implementation, this transition will involve modifications to our all invoice types in Bulgaria, including debit and credit notes. Tungsten is closely monitoring the proposed local currency change in Bulgaria and will accommodate the local currency change, if confirmed. We will keep our Bulgarian market informed with any developments regarding the change.
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Browse Bulgaria updates
Local currency change to Euro
- Country updates
Revised tax VAT rates
- VAT/G(S)ST rate information
VAT registration threshold increase
- Country updates
Potential e-invoicing mandate
- Mandate information
VAT rate changes to combat rising inflation
- VAT/G(S)ST rate information
Zero-rate VAT applied to certain products
- VAT/G(S)ST rate information
Extension of 9% reduced rate for certain products
- VAT/G(S)ST rate information
Concept of real-time reporting
- Mandate information
Temporary introduction of 0% VAT rate on vaccines
- VAT/G(S)ST rate information