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

Bulgaria VAT changes

  • Apr 12, 2017 | Richard Asquith

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

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. 

Latest Bulgarian news

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.