VAT Returns – Bulgaria

Bulgaria

VAT Name :
Данък върху добавената стойност (ДДС) (Danăk vărhu dobavenata stojnost)

VAT Number Format :
123456789 / 1234567890 (9 or 10 characters)

VAT Information Offices :
National Revenue Agency, 52 Dondukov Blvd
1000 Sofia
NRA call centre + 359 7001 8700

RATES

RateTypeWhich goods or services
20%StandardAll other taxable goods and services
9%ReducedHotel accommodation and similar establishments
0%ReducedZero-rate supplies linked to intra-EU trade; Supplies linked to international trade; International transport of passengers

EXEMPTIONS

  • Healthcare, education, sport and physical education
  • Culture, non-profit organisations
  • Financial services, insurance and re-insurance
  • Gambling, postage stamps and postage services
  • Supply of land and buildings

THRESHOLDS

Registration Threshold : BGN 50.000
Applies to turnover in 12 successive months derived from taxed transactions inc zero rated supplies and exempt supplies
Below threshold registration can be on a voluntary basis
Intrastat Threshold :
Arrivals – BGN 460.000 (simplified) or BGN 7.400.000
Dispatches – BGN 280.000 (simplified) or BGN 14.400.000
Distance Selling Threshold : BGN 70.000
Intra-Community Acquisition Threshold : BGN 20.000
VAT Free Shopping for Tourists : BGN 50

PENALTIES

– Failure to register for VAT, late submission of returns and payments, tax fraud, evasion etc
– Ranges from BGN 500 to BGN 20.000
– Interest charged on outstanding balances at a rate of adding 10% to National Bank base rate (currently 0.02%)

DEADLINES

Standard Tax Period : Monthly (14th day of the current month for the previous reporting period)
Payment : 14th day of the month following reporting period
EU Sales List : submitted monthly as per VAT return filings
Intrastat : 10th working day following reporting period (monthly)