- Bulgaria has published Decree No. 227 in the Official Gazette, amending the VAT Act with a focus on import regulations.
- The decree is effective from Jan. 1, 2025.
- The decree includes provisions for deferred tax payment in centralized clearance for imported goods.
- Additional documentation requirements for importers are introduced.
- The option for paper invoice issuance is now available.
- Provisions for payment withholding are included.
- The use of electronic vouchers in specific situations is allowed.
- Increased penalties for non-compliance are implemented.
Source: globalvatcompliance.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
