Bulgaria Assembly Considers Bill to Harmonize VAT Rules With EU Directives, Court Decisions

The Bulgarian National Assembly Oct. 31 accepted for consideration Bill No. 48-202-01-24, to harmonize VAT rules with EU directives and with decisions of the Court of Justice of the European Union (CJEU). The bill includes measures to: 1) allow a reduction in the tax base of a supply in cases of full or partial uncollectible payments; 2) specify the tax period in which the right to deduct a delivery claim arises in cases of incorrect documentation; 3) add rules for correcting the tax base when a person’s registration is terminated; 4) require payment service providers to maintain the electronic register ...