With effect from 1 July 2019, Bulgaria will apply the so-called deferred accrual of VAT (or reverse-charge mechanism) on imports of certain goods (pursuant to art. 211 of the EU VAT Directive).
Bulgaria’s Ministry of Finance is reportedly considering certain amendments to the current BGN 50,000 turnover VAT registration threshold.
Read more: Orbitax
Bulgaria now allows the reverse charge on imports on an additional list of products.
The levy would not be collected from producers, but from Bulgaria-based retailers.
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