Sb has the necessary expertise and experience to support you with all applicable steps and meeting all requirements related to VAT compliance in Bulgaria.
In addition to VAT returns in Bulgaria and depending on their particular activity, companies may be required to submit extra statistical information (Intrastat) or to comply with additional legislative requirements (excise duties, product fees, cash in hand registration, Customs Office registration and etc.).
Business registered for VAT voluntarily, shall not have the right to terminate their registration earlier than 12 months, as of the beginning of the calendar year following the year of registration. Business registered for VAT obligatory, shall have the right to terminate their registration when the respective condition for obligatory [...]
If a foreign company incurs Bulgarian VAT on local goods, services or import then VAT may be recovered through a VAT reclaim. There is a quarter procedure performed by the National Revenue Agency and if eligible the VAT is disbursed by the authorities only to local bank accounts.
The standard rate of VAT in Bulgaria is currently 20% and this is the rate charged on most domestic purchases as well as on import and intra-community acquisitions. There is a reduced rate of 9% for some goods and services.