Bulgaria: New VAT measures effective in 2018 - KPMG Global
Share with your friends

Bulgaria: New VAT measures effective in 2018

Bulgaria: New VAT measures effective in 2018

Changes to the value added tax (VAT) law, published in the state gazette No. 97 (5 December 2017), generally are effective beginning 1 January 2018.


Related content

Among the new VAT measures are the following items.

  • The deadline for submitting an application for VAT registration is shortened from 14 days to seven days.
  • An application for mandatory VAT registration must be submitted when taxable turnover of BGN 50,000 (approximately €25,500) is reached for a period not exceeding two consecutive months. The application must be submitted within seven days from the date when the amount of turnover exceeds the threshold amount.
  • Existing provisions concerning collateral supplied when a VAT registration is denied and applications for VAT de-registration in instances of dissolution of a legal entity (without liquidation) are repealed.


Read a December 2017 report 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?


Request for proposal