- Bulgarian Parliament has amended VAT legislation
- Destroying or scrapping goods proven to be useless in economic activities will not require adjustment obligation
- Possibility of obtaining refund of overpaid VAT for past periods
- Extensions of current VAT rates for restaurant and catering services, tourist services, and use of sports facilities
- Zero VAT rate for bread and flour extended
- Deferred payment of import VAT for centralized clearance
- Increased threshold for VAT registration for entities established in Bulgaria
- Taxpayers can issue tax documents and charge VAT after obligation for registration has arisen
- Taxpayers applying for OSS scheme do not need fiscal representative
- Clarification of procedure for appealing tax authorities’ rejection of bad-debt relief application
- Additional collateral may be required beyond annual collateral
Source: globaltaxnews.ey.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.
