- Bulgaria implements import VAT deferment from 1 January 2024
- Taxpayers can choose to postpone import VAT payment until the 16th of the month following the date of import
- This helps taxpayers avoid cash flow issues related to import VAT payment
- To qualify for this option, taxpayers must apply for a certified importer status, obtain an associated ID, and have permits from Customs
- The changes to the VAT Act were included in Decree 227, gazetted on 22 December 2023.
Source: vatcalc.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
Latest Posts in "Bulgaria"
- Austria to Halve VAT on Basic Food Products to Combat Inflation from July 2026
- Bulgaria Requires Foreign Suppliers to Register for VAT on Supply and Install Contracts from 2026
- Bulgaria Introduces New VAT Regimes for EU Suppliers and Small Enterprises Effective January 2026
- Bulgaria Updates VAT Registration Rules for Small Businesses, Sets 2026 Threshold at EUR 51,130
- Bulgaria Introduces Test Platform for Electronic SAF-T Tax File Submissions
