New VAT invoice rules introduced in Bulgaria


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.