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Bulgaria updates VAT Act

  • VAT
  • 24 March 2013 | Richard Asquith

Bulgaria updates VAT Act

The State Gazette has published changes to the Bulgarian Value Added Tax regime which come into force on 28 February 2013.

The changes include:

  • Invoices and credit notes for intra-community supplies must follow the rules of the country of supply, as opposed to Bulgarian VAT compliance rules as in the past.
  • Supplies between Bulgarian companies and their branches in other European Union member states are now considered as an internal transfer.
  • Recipients of services in Bulgaria from another EU member state may agree with their non-Bulgarian supplier to have simplified invoicing agreements.

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.