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    4. VAT Deregistration Calculator

    VAT Deregistration Calculator

    Determine when you can deregister from VAT in Bulgaria and calculate the VAT due on inventory and assets upon deregistration.

    Eligible for Deregistration

    Your turnover is below the threshold for both years. You can apply for voluntary VAT deregistration.

    Reason for Deregistration

    Select why you want to deregister from VAT

    Turnover below threshold for 2 consecutive years

    Closing or liquidating the business

    Required by NRA due to non-compliance

    Annual Turnover

    Enter your taxable turnover for eligibility check

    ✓ Below threshold

    ✓ Below threshold

    Threshold for voluntary deregistration: €51,130 (BGN 100,000)

    Inventory & Assets

    Enter values of items you claimed input VAT on

    VAT Due on Deregistration

    VAT payable on inventory and assets

    VAT on inventory (20%)€1,000
    VAT on assets (20%)€2,000
    Total VAT Due€3,000

    This VAT must be paid to NRA as part of the deregistration process. It represents the input VAT you previously reclaimed on these items.

    Deregistration Process

    1

    Submit Application

    File deregistration application with NRA within 14 days of decision

    2

    Final VAT Return

    Prepare and submit final VAT return including VAT on inventory/assets

    3

    NRA Review

    NRA reviews application within 7 days

    4

    Deregistration Complete

    Receive deregistration certificate. Stop charging VAT from effective date.

    Pros and Cons

    No more VAT returns and compliance burden
    Can offer lower prices to non-VAT registered customers
    Cannot reclaim VAT on future business purchases
    May appear less professional to B2B customers

    Frequently Asked Questions

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    These calculations are for informational purposes only and do not constitute financial, tax, or legal advice. Consult a qualified professional for your specific situation.

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