Access to electronic portal of Bulgarian VAT authorities
(In order to access the electronic services of the tax authorities, the following requirements should be met: 1) the qualified electronic signature [required for accessing the electronic portal) should be issued by a Bulgarian licensed provider and 2) a request for accessing the electronic services of the NRA should be submitted.
Cash accounting Scheme
An optional cash accounting scheme has been introduced since 2014 and can be applied by taxpayers having a turnover not exceeding € 500.000 within the last 12 months. A supplier applying the scheme is obliged to charge VAT after the reception of the payment. The right to deduct input VAT arises after payment is made.
Refund of VAT credit
Refund of VAT credit is claimable within 30 days after submission of the VAT return where the person has effected supplies liable to tax at the zero rate within the last 12 months preceding the current month at a total value exceeding 30% of the total value of all taxable supplies. Otherwise, VAT credit is claimable within 30 days after submission of the most recent VAT return, when there is input VAT claimable after the application of the 2-month procedure and after setting off all other chargeable and unpaid tax liabilities and liabilities for social-insurance contributions collected by the National Revenue Agency, where the person owes such.
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Any VAT question ?
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