Changes in the procedure for VAT refund to non-EU individuals
06 Feb 2012
Bulgaria
2 min read
On 20 January 2012, certain changes, proposed by the Ministry of Finance, to Order No. H-12 from 24.08.2006 for refund of VAT paid by non-taxable individuals who do not reside in the European Union, were published in issue 6 of the National Gazette. The changes state that:
- individuals entitled to VAT refund under the Order may refund the respective VAT not only through an “agent” but also through the supplier of the respective goods;
- suppliers selling goods with a right to VAT refund as per the Order are obliged to announce the general terms for the VAT refund in easily visible place in the objects where they perform activity under the Order;
- if the VAT refund request is issued by a Bulgarian supplier, the request should be filled-in three copies in Bulgarian: one for the supplier; one for the agent or the individual and one for the customs authority;
- in order to qualify as an “agent” for the purposes of the Order, among other things, an entity should have at its disposal financial assets and/or long-term tangible assets at the amount of at least BGN 200,000 (and not BGN 500,000 as up to now).
The changes to the Order are in force as of 20 January 2012.
