5 Major Developments in Bulgaria

5 Major Developments in Bulgaria

• Bulgaria Considers Ending 9% VAT on Catering and Restaurants
• What are the most important changes in the main tax laws for 2023
• Amendments to the VAT Act
• Bulgaria introduces bad debt relief to fall in line with EU
• EU prosecutor focuses on Bulgaria and Slovenia in case on cross-border VAT fraud

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Bad Debts (Relief for Underpaid Sales Invoices)

• Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)

• Changes in VAT law, including reporting of data regarding cross-border payments

• Bulgaria VAT relief on bad debts 2023

• Changes in VAT law

• Bulgaria introduces bad debt relief to fall in line with EU

Coronavirus

• Bulgaria Extends Temporary Reduced VAT Rate Due to COVID-19 to 31 December 2023

• Reduced VAT rates in Bulgaria until December 31, 2023

Customs

• Changes in VAT law

Deduction (Input Tax Credit)

• Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)

ECJ (European Court of Justice)

• Flashback on ECJ Cases – C-203/10 (Auto Nikolovi) – Profit margin scheme does not apply to supplies of goods as used motor vehicle parts imported into the Union under normal VAT scheme

• ECJ C-733/22 (Valentina Heights) – Questions – Reduced VAT rate set for accommodation provided by hotels and similar establishments

Exemption

• European Commission approves implementation of VAT exemption on small businesses

• Changes in VAT law

• What are the most important changes in the main tax laws for 2023

Export

• Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)

Fiscalization

• How will the introduction of the euro in Bulgaria affect fiscal devices and fiscalization issues?

Liability (Reverse Charge/Withholding)

• Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)

Margin Scheme

• Flashback on ECJ Cases – C-203/10 (Auto Nikolovi) – Profit margin scheme does not apply to supplies of goods as used motor vehicle parts imported into the Union under normal VAT scheme

Rate

• Bulgaria VAT rate cuts

• Bulgaria extends 9% VAT on catering, restaurants, books to Dec 2023

• Bulgaria Introduces Amendments to the VAT Act

• Amendments to the VAT Act to extend VAT rate of 9% on different types of goods and services

• Bulgaria Extends Temporary Reduced VAT Rate Due to COVID-19 to 31 December 2023
• Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)
• Changes in VAT law, including reporting of data regarding cross-border payments
• Changes in VAT law
• Reduced VAT rates in Bulgaria until December 31, 2023
• ECJ C-733/22 (Valentina Heights) – Questions – Reduced VAT rate set for accommodation provided by hotels and similar establishments

• Bulgaria: Amendments to the VAT Act

• Amendments to the VAT Act

• What are the most important changes in the main tax laws for 2023

• Bulgaria Considers Ending 9% VAT on Catering and Restaurants

Refund

• Bulgaria Increases Thresholds for VAT Refunds to Non-EU Taxable Persons

• Bulgaria Increases Minimum VAT Refund Threshold for Persons Established in a Non-EU Country

Registration

• Bulgaria Set To Double VAT Registration Threshold

• What are the most important changes in the main tax laws for 2023

Reporting Compliance

• A guide to VAT – Doing business in Bulgaria

• Changes in VAT law, including reporting of data regarding cross-border payments

• Guide – VAT in Bulgaria

• Bulgaria Increases Minimum VAT Refund Threshold for Persons Established in a Non-EU Country

• What is the timeline for changing currency into EUR in Bulgaria?

• 5 VAT Guides on Bulgaria

• Is adoption of the euro as an official currency in Bulgaria postponed?

SME (Small and Medium-Sized Enterprises)

• Bulgaria Set To Double VAT Registration Threshold