Bulgaria VAT changes

The Bulgarian VAT Act has been updated effective 21 March 2017 covering a number of changes. They include the following:

The calculation for the proportion of input VAT suffered on business assets which may be deducted by tax payers
A 3-month extension for acquirers of business to apply input VAT
Amendments to the rules around documents supporting the VAT exemption of international transport
Exclusion from the VAT pro-rate coefficient calculation of supplies of business assets not used for the taxable activity or unrelated real estate