Bulgaria VAT changes

Tue 13th Dec 2016

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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