- 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.
