VAT number Bulgaria
EU valid VAT number
For businesses operating in Bulgaria or engaging in cross-border transactions, obtaining a VAT (Value Added Tax) number is often a legal necessity. Whether you run a foreign company looking to do business in Bulgaria or a Bulgarian entity expanding its operations, understanding the VAT registration process is crucial. Below, we outline the key situations where a VAT number is required and the benefits of compliance.
VAT rate in Bulgaria is 20%.
A foreign company may be required to register for VAT in Bulgaria under the following circumstances:
For Bulgarian businesses, VAT registration becomes necessary in several situations:
Exceeding the Annual Revenue Threshold – If a Bulgarian company’s annual taxable turnover surpasses 166,000 BGN (€84,860), VAT registration is mandatory.
The registration process involves submitting an application to the Bulgarian National Revenue Agency (NRA) along with relevant company documents. The timeline varies but usually takes 10-14 days for processing.
For assistance with VAT registration in Bulgaria, contact us today!