Bulgaria
Bulgariais one of the 27 Member States of the European Union.
Basic VAcTs
| Latest update | 01.06.2024 |
| Country ISO Code | BG |
| EU Member State | Yes |
| VAT Rates | |
| Standard VAT Rate | 20% |
| Reduced VAT Rate | 9% |
| Special Reduced VAT Rate |
- |
| VAT Compliance | |
| Standard VAT Return filing period | Month * |
| Standard VAT Return filing deadline | 14th day of month following filing period |
|
VAT Representation required for non-resident |
Yes, mandatory for non-EU businesses, unless Mutual Assistance Agreement |
| Record retention period | 10 years |
| Electronic invoicing | Not mandatory for B2B transactions |
| Real-time reporting | n.a. |
| Special Rules | |
| General domestic reverse charge for domestic supplies of goods by non-resident businesses? |
No |
| Other domestic reverse charge mechanisms? | Yes, e.g. supplies of specific goods (e.g. scrap, waste materials), supply of CO2-certificates |
| Postponed Accounting on Import | No |
| VAT Grouping possible? | No |
| VAT Refunds for non-EU businesses? | Canada, Croatia, Iceland, Israel, Japan, Korea (ROK), Macedonia, Moldova, Norway, Serbia, Switzerland and Ukraine. However, reciprocity should be analyzed on a case-by-case basis because the list has not been recently updated. |
| Remarks | |
| Link to VAT Law | HERE |
| Remarks | * Together with the VAT Return, a Sales and Purchase ledger must be submitted. |
Here's an overview of the latest VAT news for this country.
