Fiscal Council Pushes for Higher Cash Payment Threshold in Bulgaria

Bulgaria’s Fiscal Council has recommended increasing the national cash payment limit for business transactions to €10,000. According to the Council, Bulgaria currently maintains a relatively low threshold of €5,000, which poses practical challenges for companies, entrepreneurs, and consumers, particularly in light of upcoming EU regulations on financial transactions. From 2027, Regulation (EU) 2024/1624 will introduce a harmonized maximum cash payment limit of €10,000 for business transactions across the European Union....