- A draft bill for amendments to the Bulgarian Value Added Tax (VAT) Act has been circulated for public consultation. One of the key proposed changes introduces VAT recovery on unpaid receivables.
- In particular, according to the proposal, the VAT position of the supplier should be adjusted through the issuance of a credit note. The published texts, if enacted, would govern the requirements and conditions for the application of the bad debt relief.
Source EY
Latest Posts in "Bulgaria"
- Bulgaria Publishes SAF-T Technical Documentation, Sets Implementation for 2026-2030 for Enterprises
- Bulgaria to Implement SAF-T Reporting in 2026: Impact on Large Enterprises and Timeline
- VAT in Bulgaria – A comprehensive up to date guide
- ECJ C-121/24 (Vaniz) – AG Opinion – Joint VAT liability requires existing debtor; no liability post-liquidation
- Simeon Dyankov Suggests Increasing VAT to 22% to Address Bulgaria’s Budget Deficit
