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Bulgaria implements VAT reverse charge on grain fraud


Bulgaria implements VAT reverse charge on grain fraud

The Bulgarian Value Added Tax authorities have declared that they will introduce the VAT reverse charge on the trading of grain in storage.  The new VAT policy will apply from 1 October 2013.

EU VAT reverse charge changes

The Bulgarians have detected a high volume of irregular trade, indicating that VAT fraud has moved from mobile phones and carbon emissions in wider commodities.  They had sought permission from EU VAT authorities in Brussels last year to implement the nil VAT policy, but had received no response.  However, the EU has now formally changed the process for implementing the reverse charge, and the Bulgarians are going ahead.


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.