The amendments to the Bulgarian VAT Act set out in State Gazette No. 102 of 23 December 2022 entered into force on 1 January 2023. However, the provisions through the new obligations to collect and report data on cross-border payments and their recipients will only enter into force on 1 January 2024.
- Adjustment of the VAT charged on bad debts (debt remission)
- Collection and reporting of data on cross-border payments and their beneficiaries (in force from 1 January 2024)
- Reduced VAT rate
- Securities for liquid fuel deliveries
- Further adjustments
- Other amendments and clarifications introduced into the VAT Act include:
- If goods are shipped from a non-EU supplier to a place outside the EU and the 0% VAT rate is to be proven, a….
Source: eclear.com
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