Bulgaria
Bulgariais one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | BG |
| EU Member State | Yes |
| Local name | Danŭk vŭrkhu dobavenata stoĭnost (DDS); Данък добавена стойност (ДДС) |
| VAT number format | BG 1234567890 (ten digits for non-residents; only nine for residents) |
| VAT Rates | |
| Standard VAT Rate | 20% |
| Reduced VAT Rate | 9% |
| Special Reduced VAT Rate |
- |
| VAT Compliance | |
| Standard VAT Return filing period | Month * |
| Standard VAT Return filing deadline | 14th day of month following filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses, unless Mutual Assistance Agreement |
| Record retention period | 10 years |
| Electronic invoicing | Not mandatory for B2B transactions Click HERE for more info |
| Real-time reporting | n.a. |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
No |
| Other domestic reverse charge mechanisms? | Yes, e.g. supplies of specific goods (e.g. scrap, waste materials), supply of CO2-certificates |
| Postponed Accounting on Import | No |
| VAT Grouping possible? | No |
| VAT Refunds for non-EU businesses? | Canada, Croatia, Iceland, Israel, Japan, Korea (ROK), Macedonia, Moldova, Norway, Serbia, Switzerland and Ukraine. However, reciprocity should be analyzed on a case-by-case basis because the list has not been recently updated. |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | * Together with the VAT Return, a Sales and Purchase ledger must be submitted. |
Below is an overview of the latest VAT news for this country.
Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.
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