Bulgaria Gazettes Law Amending VAT Act

The Bulgarian Official Gazette Dec. 22 published Decree No. 227, amending the VAT Act. The decree includes measures: 1) establishing provisions and conditions for deferred payment of tax in the case of centralized clearance for the import of goods, outlining specific requirements and steps to be followed; 2) requiring importers to provide additional documentation, such as a document or its copy, to support their status as importers; 3) allowing the issuance of paper invoices; 4) providing additional provisions for payment withholding and the use of electronic vouchers in certain circumstances; and 5) imposing penalties for non-compliance and increasing the existing ...