The Bulgarian Ministry of Finance has issued a number of proposed changes to the Value Added Tax regime. These include:
- New guidance on issuing credit notes on advances and deregistered VAT payers
- Extending the tour operator margin scheme to single tourist service supplies
- Changes in the time of supply rules of goods supplied under lease agreements
- Contributions made by partners in a informal consortium shall not constitute a taxable supply. The supplying party may still deduct any input VAT and make a corresponding VAT credit
- Changes in the rules on deductibility of input VAT on partial-exempt real estate
The post Bulgaria VAT changes appeared first on Avalara VATLive.