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Bulgaria: Domestic Corporate Taxation

Sales Taxes and VAT

A business (entity or sole trader) must register for VAT if turnover exceeds BGN75,000. The standard rate of VAT is 18% whilst a special zero rate of tax applies to the supply of precious metals to the Bulgarian National Bank. There is also a reduced rate of 9% for certain taxable supplies in the tourism sector.

VAT returns must be filed monthly and at the end of the tax year. Returns must be submitted within 14 days of the end of the tax period, at which time payment is also due. Certain exemptions apply, including goods in customs warehouses or free zones, financial and insurance services, and the lease of buildings.

 

 

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