Various amendments to the VAT act (a.o. bad debts, rate, reverse charge, scrapping, fuel and export)

1. Reduction of the tax base and the VAT charged in case of bad debts

2. New obligations for payment services suppliers

3. Prolongation of the term of application of the reduced rate of 9% for certain goods and services

4. Reverse charge of VAT by recipient under supplies of goods and services in Appendix No 2 to VATA

5. Right to input VAT deduction after adjustment in case of incorrect tax treatment of supply

6. Obligation for adjustment of input VAT deducted in case of scrap of goods due to expiry of shelf life

7. Provision of guarantee for transactions with fuel

8. Export of goods by persons established in third countries

Source: afa.bg

---

---