No input VAT adjustment for the destruction or the arapping of goods that are duly proven

• Under rules accepted by the Bulgarian Parliament, destroying or scrapping goods that are duly proven to have lost all usefulness in the taxable person’s economic activities will not give rise to an adjustment obligation. This could make it possible to obtain a refund of overpaid VAT for past periods.
• This Tax Alert highlights this change and others in the Bulgarian VAT legislation.

Source

• EY
• KPMG

See also

• Summary of ECJ C-127/22: No Adjustment of deductible VAT if he destruction is duly proven and the goods had objectively lost all usefulness in the taxable person’s economic activities
• C-127/22 (Balgarska telekomunikatsionna kompania) – Judgment – No Adjustment of VAT deductions if scrapping of goods is duly proven
• Roadtrip through ECJ Cases – Adjustment of deductions – Recalculation (Art. 184 – 186)