Topic : Taxation
Author : Ivan Punev
DGKV's senior associate Ivan Punev commented before Bloomberg Tax on Bulgaria’s position to allow bad debt relief starting in 2023, but without retroactive relief for pre-existing bad debts. “Taxpayers who have suffered such debts should be encouraged to try to recover the VAT based on their rights under EU law, as there are arguments in support of such VAT refund claims,” Ivan Punev, a senior associate with the Bulgarian business law firm Djingov, Gouginski, Kyutchukov & Velichkov, told Bloomberg Tax.
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