VATLive > Blog > European News > Bulgaria VAT changes - Avalara

Bulgaria VAT changes

  • Oct 22, 2016 | Richard Asquith

Bulgaria VAT changes

The Bulgarian Ministry of Finance has issued a number of proposed changes to the Value Added Tax regime. These include:

  • New guidance on issuing credit notes on advances and deregistered VAT payers
  • Extending the tour operator margin scheme to single tourist service supplies
  • Changes in the time of supply rules of goods supplied under lease agreements
  • Contributions made by partners in a informal consortium shall not constitute a taxable supply. The supplying party may still deduct any input VAT and make a corresponding VAT credit
  • Changes in the rules on deductibility of input VAT on partial-exempt real estate

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. 

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.