Bulgaria: Recovery of VAT on uncollectible receivables using new electronic service
New electronic service that helps suppliers determine whether VAT reduction/recovery may be claimed in connection with uncollectible receivables
Recovery of VAT on uncollectible receivables using new electronic service
A new electronic service of the tax authority has been available since the beginning of October 2023 through which suppliers can obtain information about the exercised right of value added tax (VAT) credit by the recipient, which will help suppliers determine whether a VAT reduction/recovery may be claimed in connection with uncollectible receivables.
Read a November 2023 report prepared by the KPMG member firm in Bulgaria
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