- VAT refunds on bad debts is a hot topic in international and Bulgaria court practice
- Bulgaria introduced a legal framework for bad-debt relief in the local VAT Act in 2023
- CJEU decision on a Bulgarian request for a preliminary ruling could open the door for VAT refund opportunities for past periods
- CJEU held that a supplier is entitled to reduce the tax base and claim a VAT refund on bad debts
- Recent decisions of the CJEU and local Bulgarian practice have discussed the issue of VAT refund for bad debts
- 2024 CJEU judgment increases the possibility of successful VAT refund on uncollectible debts
- Opportunity for persons denied a VAT refund to seek state compensation for damages from applying excessive conditions contrary to EU law
Source: globaltaxnews.ey.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.
