In Bulgaria there is no effective mechanism in place by virtue of which VAT to be refunded in case of an noncollectable receivable.

This is some of the comments made in the TV programme “In Development” of Bloomberg TV Bulgaria by Yavor Stoychev, Managing Partner of Stoychev & Stoycheva Law Firm.

You can see the full interview by following this link: https://www.bloombergtv.bg/v-razvitie/2018-08-17/v-balgariya-lipsva-mehanizam-za-vazstanovyavane-na-dds-pri-nesabiraemi-vzemaniya

For more information on the specific effects of the Di Maura case on your business please consult your Stoychev & Stoycheva lawyer or contact us.