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.
LATEST NEWS

Lithuanian reduced VAT rate changes

The Lithuanian Ministry of Finance confirmed that it will: Increase the reduced VAT rate of 9% to 12% affecting such services as domestic passenger transport...

SEE MORE
VAT news
LATEST NEWS

Gibraltar to introduce a 15% sales tax

As a result of a post-Brexit agreement between the UK and Spain, the British overseas territory of Gibraltar will introduce a 15% sales tax by 2028. Post...

SEE MORE
VAT news
LATEST NEWS

Philippines delays implementation of VAT on e-services...

The Bureau of Internal Revenue (BIR) delayed the introduction of VAT on supplies of digital services by foreign providers to local consumers to 1 July...

SEE MORE
VAT news

Gated Content

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