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.