In Bulgaria, the paid VAT on taxable supplies, imports, acquisitions subject to reverse-charge, is deductible if the purchases are directly related to the taxable supplies performed by the Bulgarian company.

The standard period for VAT refund is up to four and a half months. VAT to be refunded is deducted from the payable VAT over the succeeding three months. If there is still VAT to be refunded after that… Continue reading »