Country – Bulgaria

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
Local name	Danŭk vŭrkhu dobavenata stoĭnost (DDS); Данък добавена стойност (ДДС)
VAT number format	BG 1234567890 (ten digits for non-residents; only nine for residents)
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 businesses?	Yes, mandatory for non-EU businesses, unless Mutual Assistance Agreement
Record retention period	10 years
Electronic invoicing	Not mandatory for B2B transactions Click HERE for more info
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.

Below is an overview of the latest VAT news for this country.

Note: The above information is taken from various sources and is for information purposes only and is not intended to be advice. Although the author went to great lengths to make sure the information is accurate and useful, users should not act on the basis of any matter used or presented without considering appropriate professional advice.