Supplies Of Goods Received By Bulgarian Businesses From EU Businesses (Bulgaria)

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Commentary

5 Bulgaria

General (Bulgaria)

Bulgarian businesses that are not VAT registered but receive supplies of goods from EU suppliers may be required to register for VAT if the value of the goods received exceeds the Intrastat acquisitions threshold (see 5.1).

Whilst unregistered, the business should be charged VAT by its EU suppliers. Once the Bulgarian business is registered for VAT, the EU suppliers should stop charging VAT and the Bulgarian business should account for Bulgarian VAT on the value of the goods received. This VAT, known as 'acquisition VAT', is recoverable by the business

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