VAT in Bulgaria

Updated on Wednesday 16th November 2016

NameBulgaria aligns with the EU (European Union) taxation rules and regulations and offers a sole rate of 20% VAT (value added tax) for all products and services in the country. It is good to know that every opened business in Bulgaria that obtains more than BGN 50,000 (about EUR 26,000) per year will need to register and to pay the VAT. Our company formation specialists in Bulgaria can provide you with the necessary information and assistance related to the VAT system in the country.
 

What you need to know about the VAT in Bulgaria

 
Every foreign businessman who wishes to open a company in Bulgaria needs to understand and to apply the rules and the regulations regarding the taxation system and the authorities implied.
 
The VAT regime in Bulgaria is stipulated by the Tax Law 2007 and the authority in charge with this matter is the Ministry of Finance and other fiscal bodies in the country. The registration process for VAT is quite simple, and the companies can submit the tax application registration within 14 days after one year of full activities. Our experts in company formation in Bulgaria are able to assist you when you prepare the needed documents for the VAT registration, in order to properly function as a business.
 

VAT for products and services in Bulgaria

 
As a reminder, the VAT rate is 20%, but the hotel accommodation offers a reduced rate of only 9%. The VAT applies to the following:
 
selling goods to EU countries;
Bulgarian imported goods;
conferences and events;
clothes;
install services;
E-commerce.
 
It is good to know that the VAT returns are scheduled every three months, and if a foreign business in Bulgaria observes certain differences related to this kind of tax, the company can solicit a recalculation and an examination. The VAT will be then recovered after a full analysis of documents and declarations.
 
If you have any other questions about the VAT in Bulgaria or about how to set up a company in Bulgaria, you are invited to get in touch with our team of company formation consultants.
 
 

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