June 3 2022

Bulgaria Launches Consultation on Documentation Requirements of Zero-Rated Supplies

Source: IBFD Tax Research Platform News

The Ministry of Finance has launched a public consultation on proposed amendments to regulations for application of the Value Added Tax (VAT) Act. The main amendments are the following:

  • new requirements for evidencing certain zero-rated supplies;
  • further clarifications concerning the new VAT rules for e-commerce applicable as of 1 July 2021; and
  • introducing of details regarding the rules for adjustments of incorrectly issued invoices even when a tax audit assessment notice has entered into force.

The full text of the proposal, issued on 30 May 2022, is available here (in Bulgarian only).

The public consultation will be open until 29 June 2022. Further developments will be reported as they occur.