Despite EU harmonization, Bulgarian VAT rules remain specific, requiring strict adherence to local procedures. The revenue and customs authorities exercise rigorous control, often applying diverse interpretations of EU law. Because VAT represents a significant share of turnover, businesses face substantial risks from short filing deadlines and restricted correction windows. Severe penalties apply to reporting delays, and input VAT deductions are frequently challenged due to documentation or vendor errors.
KPMG’s Indirect Tax team provides a hands-on approach to navigating the Bulgarian regulatory environment. We review your VAT, customs, and excise positions to provide strategic planning and direct support for administrative obligations.
Leveraging proprietary technology, we extract ERP data to identify errors, irregularities, and overpayments. Our custom software automates Bulgarian VAT and Intrastat returns, ensuring accuracy and efficiency. Backed by a global network and vast local experience, we help you manage complex tax matters across borders.
Indirect tax planning and advice
- Planning of complex transactions and investments in terms of VAT, customs and excise effects
- Providing strategic advice on cross-border projects, supply chain transactions, contract structures, property investments, infrastructure projects
- Providing ongoing and timely support in VAT, excise and customs matters
Tax litigation and tax audit assistance
- Assisting in VAT, excise and customs audits and in handling communications with the inspectors
- Appealing VAT, excise and customs assessments and related administrative penalties
- Providing full support in VAT, excise and customs litigation processes
Technology services and tax reviews
- Assisting businesses in setting up ERP systems and internal controls
- Analysing data from ERP systems to identify errors, irregularities or overpayments
- Reviewing internal procedures and controls affecting the VAT reports
