VAT registration
After the company registration in Bulgaria the next step is the VAT registration. The Bulgarian VAT legislation is based on the EU VAT rules and Directive 2006/112/EC. The VAT registration is completely separate procedure from the company registration and it is done for two working weeks after the company registration once all documents required are filed at NRA.
After the company registration in Bulgaria the next step is the VAT registration. The Bulgarian VAT legislation is based on the EU VAT rules and Directive 2006/112/EC. The VAT registration is completely separate procedure from the company registration and it is done for two working weeks after the company registration once all documents required are filed at NRA.
The
VAT registration in Bulgaria pursuant to the Bulgarian legislation can
be compulsory or voluntarily. The compulsory VAT registration is for
companies which income turns BGN 50`000 or make purchases from abroad
for more than BGN 20`000. The voluntarily registration can be done
anytime before the company income turns BGN 50`000. Once the company is
VAT registered it must file VAT report to the National Revenue Agency
(NRA) on a monthly basis.
The
Bulgarian tax authorities are very strict in terms and regulations
related to the VAT law. For that reason the VAT reports must be filed
each and every month up to the 14th of the present month for the
previous one, they must be correct and contain all the information
required about the accounting deals made due the month.
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VAT Rates»
The Value added tax rates in Bulgaria is 20% for domestic supplies, intra-community procurements and imports from non-EU countries and 7% reduced rate for certain tourist services.