- Bulgaria can set a seven-day deadline for VAT registration when exceeding the KOR threshold
- Legafact EOOD was not registered for VAT purposes and exceeded the KOR threshold in August 2018
- Bulgaria imposed a VAT assessment on Legafact for not requesting mandatory VAT registration within the seven-day deadline
- The EU Court of Justice ruled that Bulgaria’s requirement for VAT registration within seven days of exceeding the KOR threshold is not in violation of EU law
- The Court also stated that a tax debt can be incurred if the request is not timely, as long as it complies with effectiveness and proportionality requirements.
Source: taxlive.nl
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.
