Country Bulgaria
Currency BGN
EU Member State Yes
Standard VAT rate 20%
Reduced VAT rate 9%
VAT registration limit for established businesses 50000 BGN
VAT registration limit non-established businesses 50000 BGN
VAT registration limit for distance sales 70000 BGN
VAT return filing periods Monthly
Annual returns No
Intrastat thresholds: dispatches and arrivals 210,000 BGN for dispatches/ 360,000 BGN for arrivals
EC Sales Lists frequency Monthly
Additional reporting requirements No
VAT recovery by non-established non-EU businesses For applicants of non-EU countries with which a reciprocity agreement exist.
Reverse Charge Yes for the majority of cross border activity
Extended reverse charge If a non-established business supplies services to a customer in Bulgaria who is registered for VAT in Bulgaria then the customer is responsible for VAT under the reverse charge mechanism.
Fiscal representative required for non-EU businesses A business established outside the EU that has not agreed for mutual assistance with Bulgaria is required to appoint a VAT representative to register for VAT in Bulgaria
Statute of limitations Please call Essentia for specific limitations