VAT in Bulgaria
VAT rate. VAT purposes registration. VAT return.
VAT rate
General rate 20%
Tourism rate 9%
Export rate 0%
VAT code
Any company has 3 numbers/codes:
1. URC (unique registration code), the number issued by the House of Companies (Registry of
Commerce) at registering the company
2. FIC (fiscal identification code), fiscal code, issued by the fiscal authority
3. fiscal attribute, BG, issued by the fiscal authority when the company gets registered for VAT purposes
In Bulgaria, URC and FIC are identical.
When the company gets registered for VAT purposes, the FIC number gets the BG prefix (this prefix is called "fiscal
attribute").
Example:
- URC - 201 209 745
- FIC - 201 209 745
- VAT code - BG 201 209 745
The registration for VAT purposes
At formation/registration, no company is registered for VAT purposes.
The registration for VAT purposes is done after forming/registering the company.
The registration for VAT purposes is mandatory when
- you do business outside Bulgaria (in EU or outside EU)
- when the business turnover is more than 50.000 BGN for the last 12 months.
After registering for VAT purposes, one can deregister only if
- business turnover is less than 50.000 BGN for the last 18 months
- there are/were transactions outside Bulgaria
All companies formed/sold by us, are registered for VAT purposes.
For those who do not want/need VAT registration right from the beginning, or they already have the company and want out help for registering for VAT purposes,
whole procedure rate is 200 EUR and it takes 1 week.
VAT exemption level
The company can operate without being registered for VAT purposes up to 50.000 BGN / 12 months.
When company's turnover will exceed 50.000 / 12 months, the company will
automatically be registered for VAT by the fiscal authorities (the company owners, the accounting department, shall prepare the paperwork).
VAT return
VAT return request can be submitted every 3 months.
Fiscal authorities conduct a check then they return the VAT.
By law, VAT has to be returned within 45 days since submitting the request.
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