Bulgaria puts forward new Intrastat reporting requirements

15 February 2012

The Bulgarian Ministry of Finance has released new proposals for changes to the Intrastat, intra-community supply of goods and statistical reporting requirements.

The main changes to the Bulgarian VAT regime, to be implemented from 1 July 2012 include:

- only VAT registered traders will be subject to the Intrastat reporting threshold.

- Intrastat reporting will be due on the 14th of each month, inline with the VAT reporting calendar

- corrections to any Intrastat reporting will be extended to 6 months from the current 3 months

- the is a new range of increased penalties for infringements of the reporting rules

Click here if you would like to receive further details of these changes

 
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