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  • Bulgarian new intrastat thresholds in 2018

    Intrastat tresholds just got higher As we already informed, Bulgaria updated the Intrastat thresholds as from 2018. The new exemption thresholds are as follows: Arrivals: 430,000 BGN (circa € 220,000) Dispatches 260,000 BGN (circa € 133,000) The thresholds requiring detailed Intrastat reports including statistical information have also been updated as follows: Arrivals for detailed Intrastat: 6,300,000 BGO (circa €3,222,000) Dispatches for detailed Intrastat: 12,800,000 BGN (circa € 6,547,000) Intrastat thresholds should be computed on the basis of a calendar year....
    • By Marosa VAT
    • Published 06/03/2018 18:49
  • Increase of Bulgarian Intrastat threshold in 2018

    Increase on Bulgarian Intrastat thresholds Tax authorities will increase the Bulgarian Intrastat thresholds for both arrivals and dispatches as from 1 January 2018. The arrivals threshold will be increased from BGN 410,000 to BGN 430,000 (approximately €220,000). The dispatches threshold will be increased from BGN 240,000 to BGN 260,000 (approximately €133,000). Furthermore, the statistical thresholds will also raise. This threshold requires more detailed information when preparing your Intrastat returns. The new statistical Intrastat thresholds as from January 2018 in Bulgaria...
    • By Marosa VAT
    • Published 01/12/2017 15:13
  • The reduction of the Intrastat threshold in Bulgaria

    Bulgaria reducing the Intrastat threshold  Bulgaria just reduced the Intrastat threshold for both arrivals and dispatches as from 1 January 2017. The arrivals threshold will be reduced from BGN 460,000 to BGN 410,000 (approximately €210,000). The dispatches threshold will be reduced from BGN 260,000 to BGN 240,000 (circa €123,000). In addition, statistical thresholds have also been reduced. These threshold require more level of detail in your Intrastat returns. The new statistical Intrastat thresholds as from January 2017 in Bulgaria will...
    • By Marosa VAT
    • Published 30/11/2016 9:17
  • Quick VAT refund mechanism for taxpayers in Bulgaria

    New refund mechanism for qualified taxpayers in Bulgaria The Bulgarian authorities announced a quick VAT refund mechanism for qualified taxpayers. Currently, all businesses requesting a VAT repayment are subject to an audit investigation where the authorities check that all formalities have been met and confirm the right to deduct input VAT of the relevant business. These audits take a minimum of 30 days and can be extended to other tax areas of the business. Following the announcement made on 1...
    • By Marosa VAT
    • Published 29/09/2016 14:12
  • More compliance obligations in Bulgaria for fuel companies

    Compliance obligations aimed at VAT fraud reduction In an attempt to reduce VAT fraud, the Bulgarian government has proposed additional compliance obligations on businesses supplying fuel in Bulgaria. This proposal was published on the website of the authorities and it is currently being discussed. What are the proposed changes? According to the proposed changes, businesses supplying fuel in Bulgaria will be required to set up a bank guarantee in favour of the regional tax office where they are registered. This...
    • By Marosa VAT
    • Published 31/08/2016 10:38