Bulgaria Increases Thresholds for VAT Refunds to Non-EU Taxable Persons
- the minimum amount of VAT requested for refund for the annual period is increased from BGN 50 to BGN 100;
- the minimum amount of VAT requested for refund for a period of less than 1 year but not less than 3 months is increased from BGN 400 to BGN 800;
- the persons requesting VAT refunds will have to declare the ratio between the performed supplies with the right to a tax credit and the performed supplies without the right to a tax credit; and
- various administrative simplifications have been introduced, i.e. persons are allowed to provide relevant electronic certificates issued by other tax administrations as well as copies of the documents related to the incurred VAT (instead of the original copies).