5 Major Developments in Bulgaria

5 Major Developments in Bulgaria

• New reporting obligation concerning VAT on uncollected receivables

• ECJ C-122/23 (Legafact EOOD) – Questions – Identification for VAT purposes and penalties in case of late registration

• ECJ C-620/21 (Momtrade Ruse) – Judgment – VAT exemption for social services to natural persons in other member states

• Comments on ECJ C-127/22: No adjustment of input VAT deductions for scrapped or destroyed goods

• Country fact sheets: eInvoicing in Bulgaria

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Bad Debts (Relief for Underpaid Sales Invoices)

• New reporting obligation concerning VAT on uncollected receivables

Customs

• ECJ Customs C-770/21 ( OGL-Food Trade Lebensmittelvertrieb) – AG Opinion – Customs valuation & concept of of related parties

Deduction (Input Tax Credit)

• Case Study: Learning about Bulgarian VAT Rules on Destroyed Goods

• Comments on ECJ C-127/22: No adjustment of input VAT deductions for scrapped or destroyed goods

• ECJ C-127/22 (Balgarska telekomunikatsionna kompania) – Judgment – No Adjustment of VAT deductions if scrapping of goods is duly proven

E-invoicing

• Country fact sheets: eInvoicing in Bulgaria

ECJ (European Court of Justice)

• Case Study: Learning about Bulgarian VAT Rules on Destroyed Goods

• Comments on ECJ C-97/21: Prohibition of Double Sanctions for the Same Infringement

• Comments on ECJ C-127/22: No adjustment of input VAT deductions for scrapped or destroyed goods

  ECJ C-620/21 (Momtrade Ruse) – Judgment – VAT exemption for social services to natural persons in other member states

• ECJ C-97/21(MV-98) – Judgment – Sealing of business premises together with administrative penalty is not proportionate for failing to issue fiscal receipts

• ECJ C-127/22 (Balgarska telekomunikatsionna kompania) – Judgment – No Adjustment of VAT deductions if scrapping of goods is duly proven

• ECJ C-122/23 (Legafact EOOD) – Questions – Identification for VAT purposes and penalties in case of late registration

• ECJ Customs C-770/21 ( OGL-Food Trade Lebensmittelvertrieb) – AG Opinion – Customs valuation & concept of of related parties

Exemption

• ECJ C-620/21 (Momtrade Ruse) – Judgment – VAT exemption for social services to natural persons in other member states

Invoice

• ECJ C-97/21(MV-98) – Judgment – Sealing of business premises together with administrative penalty is not proportionate for failing to issue fiscal receipts

Rate

• Bulgaria Clarifies Application of 9% VAT for Newspapers and Magazines

Registration

• ECJ C-122/23 (Legafact EOOD) – Questions – Identification for VAT purposes and penalties in case of late registration

Reporting / Compliance

• What is the status of Bulgaria’s law introducing the euro as its official currency?

• International VAT Rate Round Up: April 2023

• New reporting obligation concerning VAT on uncollected receivables

Tax Authorities / Penalties

• Comments on ECJ C-97/21: Prohibition of Double Sanctions for the Same Infringement
• ECJ C-97/21(MV-98) – Judgment – Sealing of business premises together with administrative penalty is not proportionate for failing to issue fiscal receipts