Bulgaria updates VAT Act
Sun 24th Mar 2013
The State Gazette has published changes to the Bulgarian Value Added Tax regime which come into force on 28 February 2013.
The changes include:
- Invoices and credit notes for intra-community supplies must follow the rules of the country of supply, as opposed to Bulgarian VAT compliance rules as in the past.
- Supplies between Bulgarian companies and their branches in other European Union member states are now considered as an internal transfer.
- Recipients of services in Bulgaria from another EU member state may agree with their non-Bulgarian supplier to have simplified invoicing agreements.