Stricter Penalties for Violating VAT and Fiscalization Rules in Bulgaria

• Higher penalties for not complying with VAT and fiscalization rules in Bulgaria
• The law amending the law on VAT introduces higher fines for non-compliance
• Fines for not issuing fiscal receipts range from BGN 200 to BGN 1,000 for individuals and BGN 1,000 to BGN 4,000 for legal entities
• Subsequent fines range from BGN 400 to BGN 2,000 for individuals and BGN 2,000 to BGN 8,000 for legal entities
• Fines for other violations of VAT rules range from BGN 600 to BGN 2,000 for individuals and BGN 6,000 to BGN 20,000 for legal entities
• Fines for repeated violations range from BGN 1,200 to BGN 4,000 for individuals and BGN 12,000 to BGN 40,000 for legal entities
• Fines for not issuing fiscal receipts by the obligated person range from BGN 200 to BGN 1,000
• Fines for not storing fiscal receipts range from BGN 10
• Fines for not issuing fiscal receipts by cashiers/employees range from BGN 200 to BGN 1,000
• Fines are also imposed on manufacturers, importers, or persons servicing fiscal devices.

Source: fiscal-requirements.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.

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