ACCOUNTING SERVICES BULGARIA

Changes in provisions for Reverse charge of VAT?

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May 6, 2015, 4:33 p.m.

Several days ago, during a meeting of the financial ministers of Central and Eastern Europe, Bulgaria expressed its readiness to support the reverse charge of VAT for transactions with higher value, achieved in the EU. So far in Bulgaria reverse charge regime was applied to grain transactions where tax was not charged from the supplier, but by the customer through a Protocol.

 

In some EU countries, for example, reverse charge of VAT was imposed also on transactions related to the import of telecommunication apparatus and computers, when the deal excees a certain amount or when the import was made by reseller.