Bulgaria VAT changes

Thu 13th Apr 2017

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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