Bulgarian National Revenue Agency publishes guidance on VAT and customs implications of Brexit

8 March 2019

On 25 February 2019, the Bulgarian National Revenue Agency published guidance on the potential VAT and customs implications of a no-deal Brexit for Bulgarian companies.

Within this guidance the National Revenue Agency provides various recommendations to companies doing business with the United Kingdom concerning;

• Registration with the customs authorities for trading with non-EU countries;
• Checking whether they have the required human resources, technical capacity and customs permissions for trading with non-EU countries;
• Considering an application for obtaining Authorised Economic Operator status - this status is an internationally recognised quality mark that allows businesses access to some simplified customs procedures;
• If registered under the Mini-one-stop-shop (MOSS) scheme in the United Kingdom, consider moving this registration to one of the other 27 EU member states
• Making any EU VAT refund directive claims relating to UK VAT well in advance before 29 March 2019 - The EU VAT Refund Directive is a mechanism in which EU companies can claim VAT incurred in other EU countries outside of a VAT registration.

For the full guidance please see here (in Bulgarian).

LATEST NEWS

European Council confirms that VAT is due on online...

The European Council has amended the EU wide VAT directive (No. 2022/542) relating to the place of supply for live virtual events. The amendment confirms that...

SEE MORE
VAT news
LATEST NEWS

UPDATE: European Council allow Poland to implement...

The European Council has allowed Poland to amend its electronic invoicing legislation to make it mandatory for businesses to use the regime from as early as...

SEE MORE
VAT news
LATEST NEWS

Laos establishes tax obligations for non-resident...

From 1 January 2022, the Southeast Asian country of Laos imposed VAT on the sale of e-services to local consumers by non-resident businesses. Prior to January...

SEE MORE
VAT news

Gated Content

The following email providers are not accepted: gmail, hotmail, yahoo. Please use proper company email.