close
Share with your friends

Bulgaria: VAT considerations in response to coronavirus (COVID-19)

Bulgaria: VAT considerations in response to coronavirus

The government of Bulgaria is considering measures to assist businesses with challenges related to value added tax (VAT) given the coronavirus (COVID-19) pandemic.

1000

Related content

There are reports that the deadlines for filing the VAT returns or for paying monthly VAT liabilities will not be adjusted, but it may be that penalties and interest for late filings or payments could be waived. Certain administrative procedures could be suspended for the duration of the crisis. If this measure is approved by the Bulgarian parliament, it would affect control procedures such as tax audits, appeals of tax assessment, etc., but it is uncertain that the VAT refund procedures would be affected.


Read a March 2020 report [PDF 66 KB] prepared by the KPMG member firm in Bulgaria

The KPMG logo and name are trademarks of KPMG International. KPMG International is a Swiss cooperative that serves as a coordinating entity for a network of independent member firms. KPMG International provides no audit or other client services. Such services are provided solely by member firms in their respective geographic areas. KPMG International and its member firms are legally distinct and separate entities. They are not and nothing contained herein shall be construed to place these entities in the relationship of parents, subsidiaries, agents, partners, or joint venturers. No member firm has any authority (actual, apparent, implied or otherwise) to obligate or bind KPMG International or any member firm in any manner whatsoever. The information contained in herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 4366, 1801 K Street NW, Washington, DC 20006.

Connect with us

 

Want to do business with KPMG?

 

loading image Request for proposal