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Bulgaria VAT changes

  • EU VAT
  • 12 December 2016 | Richard Asquith

Bulgaria VAT changes

Bulgaria has implemented a range of changes to the VAT Act. These will come into effect on 1 January 2017, and includes:

  • Changes to the rules on deductible VAT for supplies made into consortiums
  • New rules on issuing VAT credit notes
  • Introduction of VAT for tour operators margin scheme (TOMS)
  • Updates to the rules on deducting VAT on mixed supply immovable property
  • Changes to the proportions of service VAT deducted on mixed supplies
  • A new process for deregistered tax payers to adjust prior returns
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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.