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
| Rate | Type | Which goods or services |
|---|---|---|
| 20% | Standard | All other taxable goods and services |
| 9% | Reduced | Hotel accommodation and similar establishments |
| 0% | Reduced | Zero-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 Dispatches : BGN 290.000 (simplified) or BGN 5.600.000 (full)
Intrastat Arrivals : BGN 470.000 (simplified) or BGN 11.700.000 (full)
Distance Selling Threshold : BGN 70.000
Intra-Community Acquisition Threshold : BGN 20.000
VAT Free Shopping for Tourists : BGN 50
Non-Resident : Non-resident businesses without a fixed establishment must register for VAT (nil threshold)
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 : 14th working day following reporting period (monthly)