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Valued Added Tax Act

LOCAL KNOWLEDGE , GLOBAL RESOURCES

 

Registration under the VAT Law is mandatory or voluntary. Every taxable person, whether established in Bulgaria or not, who carries on taxable supplies of goods or services which are different from those where the tax is payable by the recipient must register for VAT.

 

VAT requires obligatory registration when:

• the turnover of your company reaches the amount of BGN 50,000 for the last 12 months;

• A threshold of BGN 70,000 is applied with regard to intra-community transactions and distance selling to Bulgaria.

 

The following are subject to value added tax:

• goods or services supplied for payment

• every acquisition within the European Union in accordance with the requirements of the Valued Added Tax Act

• other acquisitions and cases specified in the law

• import of goods

 

Our Services

• VAT registration.

• Preparing and submitting to the Office of Tax returns VAT declaration on magnetic media on monthly basis.

• VAT refunds.

• Preparing of VAT protocols of import/export.

• VIES declarations and Intrastat.

• Accredited representation in the meaning of the VAT-Act.

 

VAT HIGHLIGHTS

• VAT 20%

• VAT on Tourism 9%

• VAT on EU Supplies 0%

• VAT on Export 0%