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

Bulgaria VAT changes

Bulgaria VAT changes

The Bulgarian VAT Act has been updated from 21 March 2017 for several changes.  These include:

  • The calculation for the proportion of input VAT suffered on business assets which may be deducted by tax payers
  • A 3-month extension for acquirers of business to apply input VAT
  • Amendments to the rules around documents supporting the VAT exemption of international transport
  • Exclusion from the VAT pro-rate coefficient calculation of supplies of business assets not used for the taxable activity or unrelated real estate
Latest Bulgarian news
Bulgaria VAT update
September 5, 2018

Bulgaria is introducing a range of VAT amendments to further harmonise its rules with the EU VAT Directive, recent ECJ rulings and other priorities. These...
VAT Reporting update 17.12.1
January 13, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes...
Bulgaria raises Intrastat threshold 2018
October 31, 2017

Bulgaria is to increase its Intrastat reporting thresholds for 2018, as follows: Arrivals: BGN 430,000 per annum (previously BGN 410,000) Dispatches: BGN 260,000 (previously BGN...

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.