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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
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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.