Bulgaria announced it’s considering mandating e-invoicing and the transmission of invoices to the tax authority. This could be done either via a supplier’s e-invoicing software or software developed and hosted by the tax authority itself.
It’s not yet known if the transmission of data to the tax authority will be used solely for reporting or if there will be a clearing mechanism, in which case an invoice won’t be issued to the counterparty until it is cleared first by the tax authority.
Source: SOVOS
Latest Posts in "Bulgaria"
- VAT in Bulgaria – A comprehensive up to date guide
- ECJ C-121/24 (Vaniz) – AG Opinion – Joint VAT liability requires existing debtor; no liability post-liquidation
- Simeon Dyankov Suggests Increasing VAT to 22% to Address Bulgaria’s Budget Deficit
- VAT Increase to 22% Aims to Address Bulgaria’s Budget Deficit, Says Simeon Dyankov
- Bulgaria Releases SAF-T Technical Documentation and Implementation Timeline for Enterprises