Refund procedure – Repeal of Annex No 6
The Bulgarian Regulation for Application of the VAT Act (RAVATA) was amended on 21/03/2017. It notably impacts the VAT refund procedure. Indeed, Appendix No 6, which had to be submitted in order to apply for the refund of the VAT credit, will no longer be required. As from the monthly VAT returns of April 2017, it will be possible to apply for the VAT refund through the monthly VAT return itself.
Besides, the amendments notably relate to the proportional deduction of input VAT for mixed use assets, the adjustments of the input VAT initially deducted on fixed assets and the calculation of the pro-rata percentage.
Source: VAT News N° 4 2017