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VAT

BULGARIA

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
businesses?

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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