National Revenue Agency and Bulgarian Tax Framework

Key vocabulary and legal definitions concerning the National Revenue Agency (NRA), tax procedures, and the VAT Act based on the provided lecture transcript.

Tax and Social Insurance Procedure Code (TSIPC)

The legal code that sets out proceedings for the ascertainment of obligations for taxes and compulsory social-insurance contributions, as well as for securing and collecting public claims.

National Revenue Agency (NRA)

A specialized state body under the Minister of Finance established for the purpose of establishment, securing, and collection of statutory government claims and state receivables.

Managing Board of the Agency

An administrative body consisting of the Minister of Finance (Chairman), the Director of the National Social Security Institute, the Director of the National Health Insurance Fund, a Deputy Minister of Finance, and the Executive Director.

Audit

Steps taken by revenue authorities intended to ascertain obligations for taxes and compulsory social-insurance contributions, initiated by an audit assignment order.

Examination

Steps by revenue authorities regarding the observance of tax and social-insurance legislation, which may establish facts but cannot establish specific tax or social-insurance obligations.

Public Claims

State and municipal claims including taxes, excise duties, customs duties, compulsory social-insurance contributions, and court-assessed fees or penalties.

Private Claims

Any State and municipal claims that are not defined as public claims under Article $162$, Paragraph ($2$) of the TSIPC.

Taxable Supply

Each supply of goods or services effected for consideration by a taxable person under the VAT Act, including zero-rated supplies, within the territory of the country.

Intra-Community Acquisition

The acquisition of ownership or disposal rights of goods dispatched to Bulgaria from another Member State where the supplier is a registered VAT person.

Chargeable Event (VAT)

The supply of goods or services, intra-EU acquisition, or importation that occurs on the date ownership is transferred or a service is rendered.

Taxable Amount (VAT)

The value upon which tax is charged, determined by the total consideration obtained by or due to the supplier, including warranty services and performance bonds.

VAT Credit

The amount of tax which a registered person has the right to deduct from their tax liabilities in respect of goods or services received in a taxable supply.

VAT Registration Threshold

A taxable turnover of $100$ K BGN or more for a period not exceeding $12$ consecutive months.

Deferral

Authorization granted at the request of a debtor for the payment of tax amounts by a specified future deadline.

Rescheduling

Authorization for tax payments to be effected in portions according to an approved repayment schedule.

Audit Report

A document drafted within $14$ days of the audit's expiry stating the scope, factual and legal conclusions, and a proposal for ascertainment of obligations.

Audit Statement

An instrument issued within $14$ days of an objection or its deadline, which can be appealed administratively to the Director of the Appeals and Tax and Social Security Practice Directorate.

Precautionary Measures

Actions requested from a public enforcement agent to prevent property transactions that would make the collection of tax obligations impossible or significantly impeded.

Revenue Structure (2025 Draft)

A framework where Tax Revenues account for $87 \%$ of total Revenues and Grants, with VAT comprising $52 \%$ of tax revenues.

Audit Time Limit

The standard period for conducting an audit, which shall not exceed $3$ months unless extended up to a maximum of $3$ years due to complexity.