• Service: Tax, Global Indirect Tax, Global Compliance Management Services
  • Type: Regulatory update
  • Date: 12/10/2013

Bulgaria - VAT changes effective in 2014 

December 10:  Changes to Bulgaria’s value added tax (VAT) law, published in the official gazette in November and December 2013, include:
  • Introduction of a cash accounting system
  • Changes to the rules concerning lease contracts
  • New rules for determining the tax base
  • Adjustments to the input VAT credit in situations when there is a shortage of goods
  • Changes to the rules for self-supplies
  • Introduction of a VAT reverse-charge mechanism for domestic supplies of cereals and industrial crops

These measures are effective 1 January 2014.

Read a December 2013 report [PDF 33 KB] prepared by the KPMG member firm in Bulgaria: Tax Newsletter: Amendments to the VAT Act promulgated in the State Gazette

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