LEGAL, ACCOUNTING AND TAX PLANNING SERVICES IN BULGARIA

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VAT / Valued Added Tax registration


If a company fulfills the special requirements under the Value Added Tax Act, it must be registered in a special register for the purposes of the Valued Added Tax Act.

The Value Added Tax Act became effective on January 1, 2007. Under this new law, the company may voluntarily register for VAT purposes at any time, because the current threshold requirement has been abolished. A voluntarily registered person shall remain VAT-registered for 24 months starting from the beginning of the year following the year of VAT registration. The company must register for VAT purposes in Bulgaria if its turnover for 12 consecutive months exceeds BGN 50,000. Specific grounds for obligatory registration for VAT purposes apply when:
- A person from an EU member state who is not established in Bulgaria and provides taxable supplies of goods that are to be assembled or installed in Bulgaria by that person or at his or her expense (if the recipient is not registered for VAT in Bulgaria).
- A person from another EU member state supplies goods to Bulgaria exceeding total value of BGN 70,000 under the conditions of distance sales of goods within a given calendar year.
- A person (whether resident or not) performs taxable intra-community acquisitions in Bulgaria exceeding BGN 20,000 within a given calendar year.
- A person (whether resident or not) receives supplies of services under chargeable supplies having place of performance on Bulgarian territory with respect to which the VAT is due by the recipient.
- A Bulgarian resident performing supplies of services having place of supply the territory of another EU member state.


It is possible to register voluntarily for VAT if your business requires that.


We can assist you to register your company for VAT


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