The Bulgarian VAT system contains penalty provisions which are designed to encourage compliant behaviour from taxpayers and fall into the following categories:
- Ìý
•ÌýÌýÌýÌý failure to register for VAT; and
- Ìý
•ÌýÌýÌýÌý late filing and late payment.
These are examined in more detail below.
Any taxable person under Bulgarian law who is required but fails to submit an application for registration or an application for termination of registration within the established time limits will be liable to a fine (for natural persons who are not merchants) or a pecuniary penalty (for legal persons and sole traders) of between BGN 500 and BGN 5,000.
Any person registered under Bulgarian VAT law who fails to submit a VAT return, VIES declaration or ledgers of account when required to
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Web page updated on 24 Aug 2024 14:56