Import VAT in Bulgaria: When Can Your Business Recover It?
Key Moments
- 00:00 – Introduction
- 00:18 – When import VAT can be deducted
- 00:34 – Goods used for taxable business activities
- 00:56 – Correct importer details
- 01:29 – Required customs and import documents
- 01:49 – Recovering import VAT through the VAT return
- 02:06 – Common import VAT problems
Short Summary
Import VAT in Bulgaria can generally be recovered when the company is registered for VAT and the imported goods are used for taxable business activities. The Bulgarian company should normally be shown as the importer or recipient in the customs declaration, with the correct company details, VAT number and EORI number.
To claim the VAT deduction, the company should also keep the correct customs documents, supplier invoices, transport documents and payment records. Incorrect importer details, missing customs documents or goods that are not clearly connected to taxable activities may create problems when recovering import VAT.
Need Help Recovering Import VAT in Bulgaria?
Contact ASB Accounting Services Bulgaria for professional assistance with import VAT, customs documentation and VAT reporting. Our team can help you review the required documents and determine whether the import VAT can be recovered by your Bulgarian company.
Prefer reading or looking for more details? Read the article: How Bulgarian Businesses Can Recover Import VAT
Phone: +359897282599
Email: ASB@AccountingServicesBulgaria.com