VAT on the invoices:
If your company was incorporated already but not registered for VAT, when you issue invoices, all invoices must be without VAT with deal description art. 113, (9) of the LVAT.
After the VAT registration you can issued invoices as follows:
1.1. You must issue invoices with VAT to Bulgarian companies and physical persons also registered for VAT in Bulgaria.
1.2. You must issue invoices with VAT to Bulgarian companies and physical person not registered for VAT in Bulgaria.
1.3. You must not issue invoices with VAT to Belgium companies and physical person registered for VAT in Belgium. The reason for this is art. 21, (2) in relation to art 86, par. 3 of the Bulgarian Law for Value Added Tax.
1.4. You must issue invoices with VAT to Belgium companies and physical person not registered for VAT in Belgium.
1.5. Your company must file monthly VAT reports to the National Revenue Agency (NRA) till the 14th of the present month for the previous one. Till 14th of January you must file the VAT report for December, till 14th of February you must file the VAT report for January etc. In order the reports to be accurate we require all accounting documents for the previous to be send to us not later than 5th date of the present month. We always sent emails regarding this few days before that.
1.6. You must issue invoice only for the scope of acitivity your company do as per documents.
1.1. You must issue invoices with VAT to Bulgarian companies and physical persons also registered for VAT in Bulgaria.
1.2. You must issue invoices with VAT to Bulgarian companies and physical person not registered for VAT in Bulgaria.
1.3. You must not issue invoices with VAT to Belgium companies and physical person registered for VAT in Belgium. The reason for this is art. 21, (2) in relation to art 86, par. 3 of the Bulgarian Law for Value Added Tax.
1.4. You must issue invoices with VAT to Belgium companies and physical person not registered for VAT in Belgium.
1.5. Your company must file monthly VAT reports to the National Revenue Agency (NRA) till the 14th of the present month for the previous one. Till 14th of January you must file the VAT report for December, till 14th of February you must file the VAT report for January etc. In order the reports to be accurate we require all accounting documents for the previous to be send to us not later than 5th date of the present month. We always sent emails regarding this few days before that.
1.6. You must issue invoice only for the scope of acitivity your company do as per documents.
2. Number and date of the invoices
2.1. It is preferable to issue first proforma invoice and upon receipt of the payment to issue the original invoice.
2.2. All invoices (proforma and original) must be with consecutive number and date. For example: you cannot issue invoice number 0000000010 with date 20.02.2012 and then invoice 0000000011 with date 18.02.2012. You must issue 0000000010 with date 20.02.2012 and then invoice 0000000011 with date 21.02.2012. The first invoice always starts with number 0000000001.
2.3. You must issue invoice upon five days after receipt of payment. Our advice is to issue the invoice on the same date of receipt the payment or if you issue few days later the date of the invoice to be the date of the payment.
2.4. All original invoices must consist ten digits. For example: for the original invoices 0000000001, 0000000002 ..... 0000000120 etc., or 1000000001, 1000000002 ..... 1000000120 etc. The most important is the number of the invoices to be from ten digits which are consecutive numbers.
2.5. The same as p.2.4 is valid for proformas. The must consist ten consecutive digits and can start with INV or PRF. For example INV0000001, INV0000002 ..... INV0000120 etc.
2.1. It is preferable to issue first proforma invoice and upon receipt of the payment to issue the original invoice.
2.2. All invoices (proforma and original) must be with consecutive number and date. For example: you cannot issue invoice number 0000000010 with date 20.02.2012 and then invoice 0000000011 with date 18.02.2012. You must issue 0000000010 with date 20.02.2012 and then invoice 0000000011 with date 21.02.2012. The first invoice always starts with number 0000000001.
2.3. You must issue invoice upon five days after receipt of payment. Our advice is to issue the invoice on the same date of receipt the payment or if you issue few days later the date of the invoice to be the date of the payment.
2.4. All original invoices must consist ten digits. For example: for the original invoices 0000000001, 0000000002 ..... 0000000120 etc., or 1000000001, 1000000002 ..... 1000000120 etc. The most important is the number of the invoices to be from ten digits which are consecutive numbers.
2.5. The same as p.2.4 is valid for proformas. The must consist ten consecutive digits and can start with INV or PRF. For example INV0000001, INV0000002 ..... INV0000120 etc.
You can issue invoice in one or two language as per your request. After sending to us scan copy of your invoices we will enter them into the bookkeeping software that will generate the invoice in Bulgarian anyway.
The information herein is based on reliable sources and data. The information provided is extent to the permitted by applicable Bulgarian Laws and Belgium Regulations.
If you need further information please do not hesitate to contact us.
