New VAT invoice rules introduced in Bulgaria

28 February 2013

From 1 January 2013 new VAT invoice rules were introduced in Bulgaria.
The changes include:

• The obligation to comply with Bulgarian VAT disclosure rules by any domestic or foreign companies which provide taxable supplies in Bulgaria;
• Simplified invoices may be used for transactions below the local equivalent of €100;
• Companies must introduce adequate internal controls to ensure the proper and reliable use of e-invoices;
• Any company using electronic invoices must seek the approval of their customers, or continue to offer paper invoices.