Do you need to invoice businesses in Bulgaria?
If you answered yes, you may need electronic invoice processing.
Transalis eInvoice™ is a trusted provider of digital invoice processing with companies in Bulgaria
More and more countries, including Bulgaria, are looking for new ways to streamline their processes, eliminate tax avoidance and collect more VAT. Already across the EU, government and public sector organisations are required to use B2G eInvoice processing, and B2B suppliers are being encouraged do the same.
An eInvoice solution from Transalis will streamline your invoice processing with trading partners in Bulgaria.
- Reduce time spent on administrative tasks
- Improve accuracy and minimise disputes
- Remain compliant with complex cross-border regulatory and tax requirements
- Automate invoice validation
- Speed up the entire billing process
eInvoicing in Bulgaria
eInvoicing with Transalis eInvoicing in Bulgaria
Contact Us
If you have any questions just get in touch. Our team of expert consultants are on hand to help with anything you need.
Calling from the UK
For international callers
Bulgaria eInvoicing regulations
All incoming eInvoices must be guaranteed for Integrity and Authenticity according to Bulgarian govt regulations. This can be with a Qualified Electronic Signature, “proper EDI” with an interchange agreement based on the European Commission 1994 Recommendation and business controls ensuring an audit trail linking an invoice and a supply.
In total the European VAT gap is approximately EUR 140 billion every year. This represents a loss of 11% expected revenue in the block. For several years, the EU has been gradually introducing new rules, including the mandatory use of B2G eInvoicing, to ensure that VAT on services is more accurately accrued.
Transalis is part of EURINV19, one of just 12 EDI solutions providers across Europe to pass a rigorous new electronic invoicing standard.
Source: VAT Trends Report: Sovos 12th Edition 2021