Bulgaria

Bulgaria VAT update

September 5th, 2018

Bulgaria is introducing a range of VAT amendments to further harmonise its rules with the EU VAT Directive, recent ECJ rulings and other priorities. These include: Introduction of the new EU treatment for VAT vouchers, including multi and single use voucher liabilities Introduction of an import VAT deferment scheme to allow deferment of payment of …


Worldwide

VAT Reporting update 17.12.1

January 13th, 2018

Overview This release is a maintenance release of the VAT Reporting application for December 2017. It includes new reports for 2017 yearly filings and changes for 2018 and bug fixes. Main changes in Reports The following countries have been released for 2018: CY, LV, NL, SI, CZ, GR (GREZ), FI, AT, DE, EE, HU, LU, …


Bulgaria

Bulgaria raises Intrastat threshold 2018

October 31st, 2017

Bulgaria is to increase its Intrastat reporting thresholds for 2018, as follows: Arrivals: BGN 430,000 per annum (previously BGN 410,000) Dispatches: BGN 260,000 (previously BGN 240,000) Intrastat was introduced in the EU in 1993 for all VAT registered business above the local reporting thresholds to declare the movement of goods across EU borders. It enables …


Worldwide

Avalara VAT Reporting content updates 01-06-2017

June 1st, 2017

Spain – VAT Reporting SII – Now available In this release, we have added the functionality to support the Spanish SII system of “Immediate Supply of Information” which comes into effect from the 1st July 2017. It applies to large companies, VAT Groups and members of the REDEME scheme and the tax authority has a test service …


Bulgaria

Bulgaria VAT update

April 21st, 2017

Bulgaria has updated its VAT Act, including the following changes: New rules on apply VAT credits on partial use assets The VAT treatment of prepaid telephone cards is to be harmonised with regular telephone services New proof of international status of transport services is required to enjoy zero rating The measures above come into affect …


Bulgaria

Bulgaria VAT changes

April 13th, 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 …


Bulgaria

Bulgaria lowers Intrastat thresholds

December 30th, 2016

Bulgaria is to lower the reporting threshold for Intrastat filings from 1 January 2017. The new threshold for reporting arrivals of goods from other EU member states will be BGN 410,000, down from BGN 460,000 per annum. The dispatches threshold will also drop from BGN 260,000 to BGN 240,000 per annum. Intrastat is the monthly …


Europe

Bulgaria VAT changes

December 13th, 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 …


Bulgaria

Bulgaria cuts Intrastat thresholds 2017

November 12th, 2016

Bulgaria is to lower the reporting thresholds for Intrastat, the monthly filing of movements of goods between the country and other EU member states. From 1 January 2017 the threshold for arrivals will fall from BGN 460,000 to BGN 410,000. The threshold for dispatches will drop from BGN 260,000 to BGN 240,000.