Invoicing in Bulgaria
Every provider in Bulgaria is obligated to issue an invoice for every supply of goods and services, as well as for advance payments received, except for supplies that are subject to reverse charge, in which case the recipient should document the supply by issuing a protocol. The issuance of a VAT invoice is particularly important for a taxable person, as it enables them to claim input VAT deduction.
Learn more about invoice requirements in Bulgaria in our comprehensive guide.
Invoicing Information
An invoice should be issued within five days following the taxable event of the supply, or if the supply was paid for in advance, within five days of the payment. The payment for the invoice should be completed within five days of its receipt.
Complete VAT Invoice In Bulgaria, a valid invoice must include:
- Issuing date.
- The term “invoice” in the document’s title.
- A unique, sequential number identifying the invoice.
- In case of a reverse charge supply, the VAT identification number of the individual receiving the supply and a note that reverse charge applies.
- Full name & address of the supplier.
- Supplier’s VAT number.
- Full name & address of the customer.
- Customer’s VAT numbers – for supplies excluding reverse charge supplies.
- Description of the quantity & type of goods provided or the type & scope of services offered.
- Date of transaction or payment (if different from invoice date).
- The applied VAT rate.
- The amount of VAT payable.
- Unit price of goods or services – excluding tax, discounts, or rebates (unless included in the unit price).
Selling in Bulgaria?
Invoices must be dispatched within six months. For intra-community supplies and reverse chargeable services rendered by taxable individuals in the EU, invoices must be issued within 15 days of the month in which the goods or services were provided.
A simplified VAT invoice can be issued when the total of the taxable base and the VAT does not exceed EUR 100 or the equivalent in Bulgarian currency. However, simplified invoicing cannot be applied for intra-Community supplies, distance sales, or supplies executed on the territory of another Member State, even if the EUR 100 threshold is not exceeded.
EU rules grant EU nations the discretion to make national decisions. The EU Commission publishes the precise provisions enacted by each EU country on their websites. More information can be found here.
Last Updated: 19/10/2023
Disclaimer
The information provided by Global VAT Compliance B.V. on this webpage is intended for general informational purposes only. Global VAT Compliance B.V. is not responsible for the accuracy of the information on these pages, and cannot be held liable for claims or losses deriving from the use of this information. If you wish to receive VAT related information please contact our experts at support@gvc.tax
