BULGARIA

BULGARIA (VAT)

Bulgaria  being an EU member state falls under the EU VAT regime. Member states must adopt EU VAT Directives into their own legislation.

Standard VAT Rate: 20%

Reduced VAT Rate: 9%

Registration Threshold Distance Selling: 70,000 BGN

EU VAT number format: BG999999999 or BG9999999999

Registration Threshold

Resident - BGN 50,000                              
Non resident - BGN 50,000 (EUR 25,600)                      
IC Acquisitions - BGN 20,000 (EUR10,225)   

VAT Registration

Mandatory registration: BGN 50,000 of taxable supplies for the last 12 consecutive months;

Mandatory registration for supply/receipt of services – for taxable persons established in Bulgaria supplying services to taxable persons with a place of supply in another Member State; for taxable persons receiving VAT-able services with a place of supply on the territory of the country, where VAT is chargeable by the recipient; persons registered on these grounds are not entitled to input VAT credit;

Non-resident foreign taxable persons without fixed base in the country that supply services with a place of supply in Bulgaria to local taxable customers are not required to register for VAT in Bulgaria.

VAT Compliance

Detailed rules regulate reporting requirements of Bulgarian transactions for Value Added Tax purposes. These include: invoice requirements, timeliness for an invoice to be issued, invoice and credit notes corrections rules, foreign currency reporting requirements and exchange rate sources, correction of previously submitted returns and accounting records that must be maintained for VAT purposes. 

VAT Returns

VAT returns must be made on monthly basis.
The time limit for filing the VAT return is 14 days after the month to which the return refers.

Intrastat and EC Sales Lists

The Intrastat discloses details of movements of goods between Member States which take place for commercial reasons, recording the movement whenever goods enter the territory of Bulgaria from other Member States or leave it to other Member States.

Declaration must be filed monthly once the annual threshold is exceeded.

Intrastat returns must be submitted by the 10th day of the month following the respective reference period.

Arrivals: BGN460,000 Dispatches: BGN260,000