taxable supply

Right to deduct a tax credit for supplies with a place of performance outside the territory of the country

The conditions and procedure for exercising the right to deduct a tax credit are regulated in the Value Added Tax Act (VAT Act).

A registered person is entitled to a tax credit for the tax due from him for: goods or services received by him under a taxable supply; a payment made by him before the occurrence of a taxable event for a taxable supply; an import made by him; the tax due from him as a payer.

Continue reading “Right to deduct a tax credit for supplies with a place of performance outside the territory of the country”

Tax treatment of services provided by a branch of a foreign trader located in another EU member state to Bulgarian branch of this trader

The registration of a branch of a foreign merchant in Bulgaria does not lead to the creation of a new legal entity, but only to a territorially and organizationally separated part of it.

Continue reading “Tax treatment of services provided by a branch of a foreign trader located in another EU member state to Bulgarian branch of this trader”