VATLive > Blog > EU VAT > Bulgaria deferred import VAT Jul 2019

Bulgaria deferred import VAT Jul 2019

  • Jan 22, 2019 | Richard Asquith

Bulgaria deferred import VAT Jul 2019

Bulgaria is to introduce a deferred import VAT scheme on 1 July 2019.

Details of the new regime were transposed into the Regulation for the Application of the VAT Act on 8 January 2019. The new system will mean importers of goods into the EU via Bulgaria will no longer be obliged to pay import VAT to clear the goods through Bulgarian customs. Instead, they can report the VAT due through their next Bulgarian VAT return. The import is declared under the reverse charge mechanism, so no cash is required to be paid. The customs authorities may require proof of a live registration at the time of clearance.

19 EU countries already offer import VAT deferment schemes.

Need help with your Bulgarian VAT compliance?

Researching Bulgarian VAT legislation is the first step to understanding your VAT compliance needs. Avalara has a range of solutions that can help your business depending on where and how you trade. 

Latest Bulgarian news

VP Global Indirect Tax
Richard Asquith
VP Global Indirect Tax Richard Asquith
Richard Asquith is VP Global Indirect Tax at Avalara, helping businesses understand their compliance obligations as they grow globally. He is part of the European leadership team which won International Tax Review's 2020 Tax Technology Firm of the Year. Richard trained as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.
Inspire Virtual 2021