Bulgaria Introduces Amendments to VAT Act, Including Deferred Payment and Increased Penalties

• Decree No. 227 was published in the Bulgarian Official Gazette on Dec. 22
• The decree amends the VAT Act in Bulgaria
• The decree includes measures such as provisions for deferred payment of tax, additional documentation requirements for importers, allowance for paper invoices, provisions for payment withholding and electronic vouchers, and penalties for non-compliance
• The law will generally take effect on Jan. 1, 2025

Source: news.bloombergtax.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.