Bulgaria Imposes Higher VAT Penalties
New VAT regulations introduced this year in Bulgaria also include higher penalties for failing to comply with fiscalization and VAT laws and their obligations. The penalties for violating VAT and fiscalization rules are now as follows:
1. If a person fails to provide a fiscal document or receipt, the following penalties are applied:
- Individuals will be fined between BGN 200 and BGN 1,000, whereas legal entities face fines ranging from BGN 1,000 to BGN 4,000.
- Subsequent fines: Individuals are subject to a fine ranging from BGN 400 to BGN 2,000, and legal entities or companies face fines from BGN 2,000 to BGN 8,000.
2. Penalties for other breaches of VAT regulations include fines from BGN 600 to BGN 2,000 for individuals, and from BGN 6,000 to BGN 20,000 for legal entities.
3. For repeated offenses, the fines increase to a range of BGN 1,200 to BGN 4,000 for individuals and BGN 12,000 to BGN 40,000 for legal entities.
4. In cases where obligated individuals fail to issue fiscal receipts, fines range from BGN 200 to BGN 1,000.
5. A fine of BGN 10 is imposed for not retaining fiscal receipts.
6. Cashiers or employees who do not issue fiscal receipts are subject to fines ranging from BGN 200 to BGN 1,000.
7. Fines are also levied on manufacturers, importers, or individuals servicing fiscal devices.
