The bundle allows the NetSuite customers with Bulgaria-based subsidiaries to create reports intended for the Bulgarian Revenue Agency (NAP) directly from NetSuite. The bundle supports the following reports: Monthly VAT and VIES declarations, Purchase and Sales ledgers reports – in the required file format, protocol numbering sequences.

The bundle allows the NetSuite customers with Bulgaria-based subsidiaries to create reports intended for the Bulgarian Revenue Agency (NAP) directly from NetSuite. The bundle supports the following reports: Monthly VAT and VIES declarations, Purchase and Sales ledgers reports – in the required file format, protocol numbering sequences.

Creation of VAT Reports for Bulgaria-based subsidiary

If you are running a Bulgarian-based business in NetSuite, you will need to report to the Bulgarian Revenue Agency (NAP) for your VAT-related transactions. This SuiteApp covers the obligatory VAT reports for Bulgaria.

Key Benefits

The bundle allows the NetSuite customers with Bulgaria-based subsidiaries to create reports intended for the Bulgarian Revenue Agency (NAP) directly from NetSuite. The bundle supports the following reports: Monthly VAT and VIES declarations, Purchase and Sales ledgers reports – in the required file format, protocol numbering sequences.

Built for NetSuite

No connectors, no integrations – all is built in NetSuite and works with NetSuite’s records directly. The reports can be run multiple/unlimited number of times, directly from NetSuite

Reports for NAP – VAT and VIES, Purchase and Sales reporting

VAT Return, VIES report, Purchase and Sales ledgers reports - in txt format for all Bulgaria-based subsidiaries that can be submitted to the tax authorities (NAP) directly.

Automatic classification of transaction records

The solution automatically maintains the transaction records in order to classify them correctly for their representation in any of the VAT reports. 

Automatic assignment of Protocol Numbering Series

The solution allows maintaining a protocol numbering series for transactions with reverse charge tax codes or for other scenarios that require protocol issuance – in bulk or on a case by case basis;

PDF outputs for the protocols issued for the Reverse charge basis.

Balkan Technical Services (BTS) is a sales and SDN partner of Oracle NetSuite who specialise in the implementation of the NetSuite application and localisation of Bulgaria and Romania. With extensive years for experience in implementing NetSuite in companies across the world, BTS have built a very diverse portfolio of services they can offer.

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