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Bulgaria denies VAT refund delays

  • VAT
  • 30 March 2013 | Richard Asquith

Bulgaria denies VAT refund delays

The Bulgarian government has denied reports that there may be delays in the repayments of Bulgarian VAT refunds or credit.

Companies trading in Bulgaria, or any other EU member state, are entitled to rapid repayments - typically 30 days - of any VAT due, including refunds of credits for businesses with local VAT registrations.

This week, the Finance Ministry stated that scheduled refunds were at their lowest level in over four years.  Indeed, companies which can demonstrate up-to-date ledgers and full compliance with the local accounting rules may receive their refunds within ten days.


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 this year won International Tax Review's Tax Technology Firm of the Year. Richard qualified as an accountant with KPMG in the UK, and went on to work in Hungary, Russia and France with EY.