RULES AND METHODS FOR CLEARANCE OF NATURAL PERSONS AND LEGAL ENTITIES CONSIGNMENTS IMPORTED FROM THIRD COUNTRIES, EFFECTIVE FROM 01.07.2021.

With the adoption of the VAT Package in the field of e-commerce by the Council (Directive (EU) 2017/2455 in December 2017 and Directive (EU) 2019/1995 in November 2019), the VAT exemption threshold is removed considered from 1 July 2021. In this regard, all goods imported into the EU from third countries will be subject to …

RULES AND METHODS FOR CLEARANCE OF NATURAL PERSONS AND LEGAL ENTITIES CONSIGNMENTS IMPORTED FROM THIRD COUNTRIES, EFFECTIVE FROM 01.07.2021. Read More »

Relief from import duty for personal property belonging to natural persons transferring their normal place of residence from a third country to the territory of the Republic of Bulgaria

According to provisions stipulated by the legislation of the Republic of Bulgaria, the admission of duty-free import of goods for free circulation with relief from payment of import duties can be permitted by the director of the territorial directorate or by an authorized official, in whose area the permanent residence or corporate seat of the …

Relief from import duty for personal property belonging to natural persons transferring their normal place of residence from a third country to the territory of the Republic of Bulgaria Read More »

Application of procedure 42 – Simultaneous release for free circulation and end-use of goods, which are the subject of an exempt supply of VAT for another member state and deferred excise payment, if applicable

References Directive 2006/112/EC, Value Added Tax Act (VATA), Value Added Tax Act Implementation Regulations (VATAIR), Excise Duties and Tax Warehouses Act (EDTWA), Excise Duties and Tax Warehouses Act Implementation Regulations (EDTWAIR). In case of import followed by an intra-Community supply, goods with activated procedure 42 are exempt from value added tax, namely the procedure “Simultaneous …

Application of procedure 42 – Simultaneous release for free circulation and end-use of goods, which are the subject of an exempt supply of VAT for another member state and deferred excise payment, if applicable Read More »