Bulgaria | Launches Limited Import VAT Postponement Scheme from July 2019

By |March 25th, 2019|

As of 1st July 2019, Bulgaria is introducing the option for businesses importing certain goods into Bulgaria to use a postponed accounting scheme. This means that qualifying importers will be able to account for the import VAT in the subsequent Bulgarian VAT return via a reverse charge mechanism. Under the [...]

Bulgaria | Intrastat Reporting Thresholds Raised Effective January 2019

By |October 31st, 2018|

On 12th October 2018, the Bureau of Statistical Information published the following changes to Bulgaria’s Intrastat thresholds, which will come into effect as of 1st January 2019: The dispatches reporting threshold is increased to BGN 280,000 from BGN 260,000; and The arrivals reporting threshold is increased to BGN 460,000 from [...]

Bulgaria | Deduction of VAT for non-declared intra-community acquisition

By |February 22nd, 2018|

On 16 January 2018, the Bulgarian supreme court issued a decision (no. 600/16.01.2018) regarding a case concerning the deduction of VAT in relation to a non-declared acquisition by a Bulgarian company. The taxpayer had purchased spare parts from an Austrian supplier, which declared the supply as an intracommunity despatch. However, [...]

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