What happens if my Bulgarian company should have registered for VAT but did not?

The National Revenue Agency registers it compulsorily, charges VAT retroactively on all taxable supplies from the date the obligation arose and imposes a financial penalty. Watch turnover monthly once you trade in Bulgaria. We alert you when you approach the threshold (confirm the current euro threshold with your specialist).

Source: Registration of the company under the VAT Act, Ministry of Economy, Investments and Industry, Republic of Bulgaria