On 11 February 2021, the Ministry of Finance published a proposal amending the regulations for application of the Value Added Tax (VAT) Act. The proposal, which is opened for public consultation, consists of the following:
- introduction of details of the application of the new EU VAT rules for e-commerce coming into force in 2021; and
- implementation of Council Directive (EU) 2020/1756 of 20 November 2020 amending Directive 2006/112/EC on the common system of value added tax as regards the identification of taxable persons in Northern Ireland.
The full text of the public consultation, issued on 11 February 2021, is available here (in Bulgarian only).
The public consultation will run until 13 March 2021. Further developments will be reported when they occur.