Bulgaria VAT Calculator

In Bulgaria, the VAT is collected at the rate of 20 %. The minimum rate collected is 9 % for hotel services. VAT is collected on the assets, imports and any services in Bulgaria. It is collected based on the VAT law 2007. Foreign companies who has a turnover of 50,000 BGN in the previous year must register for VAT in Bulgaria. The services that are exempt from VAT are exports and financial services like insurance and banking services.

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In Bulgaria, the VAT is collected at the rate of 20 %. The minimum rate collected is 9 % for hotel services. VAT is collected on the assets, imports and any services in Bulgaria. It is collected based on the VAT law 2007. Foreign companies who has a turnover of 50,000 BGN in the previous year must register for VAT in Bulgaria. The services that are exempt from VAT are exports and financial services like insurance and banking services.

Formula:

Add Tax Tax Amount = ( Original Cost * VAT% ) / 100 Net Price = Original Cost + Tax Amount
Remove Tax Tax Amount = Original Cost - ( Original Cost * ( 100 / ( 100 + VAT% ) ) ) Net Price = Original Cost - Tax Amount

Bulgarian VAT is administered by the Bulgarian Ministry of finance and the National Revenue Agency. It comes under the European VAT regime.

Example

Find the VAT price and net price in Bulgaria (GST % is 20) for an amount of 25000

Add Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = (25000 * 20 ) / 100
     = 5000

Step 2 :
Net Price = 25000 + 5000
     = 30000

Hence the VAT Price is 5000 and Net Price is 30000

Remove Tax

Solution :
GST % = 20
Amount = 25000

Step 1 :
GST Price = 25000 - (25000 * ( 100 / (100 + 20)))
                 = 25000 - (25000 * 0.83)
                 = 25000 - 20833.33
                 = 25000 - 20833.33
GST Price = 4166.67

Step 2 :
Net Price = 25000 - 4166.67
                = 20833.33

Hence the VAT Price is 4166.67 and Net Price is 20833.33

Bulgarian VAT is administered by the Bulgarian Ministry of finance and the National Revenue Agency. It comes under the European VAT regime.


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