 |
|
| The original & independent information source on Bulgarian property, travel and tourism!
|
|
| |
 |
View previous topic :: View next topic  |
| Author |
Message |
Secret_Squirrel
Not 'so' Newbie!
Joined: Feb 09, 2008
Posts: 38
|
 Posted: Fri Aug 29, 2008 3:32 pm Post subject: Forming a Bulgarian Ltd company to reclaim Bulgarian VAT |
 |
|
Does anyone have any information on Forming a Bulgarian Ltd company to claim back the Bulgarian VAT?
I have two off-plan apartments due to be completed July 2009. I have 50% to pay on each of them. Will I need to form 1 or 2 companies and will the companies have to be active for accounting purposes and to get the VAT refund - if they are trading will I need bimonthly VAT submissions. |
|
| Back to top |
|
 |
allet
Property Sales/Rentals
Joined: Jan 17, 2007
Posts: 746
Location: United Kingdom
|
| Posted: Fri Aug 29, 2008 3:58 pm Post subject: Re: Forming a Bulgarian Ltd company to reclaim Bulgarian VAT |
|
|
| Secret_Squirrel wrote: | Does anyone have any information on Forming a Bulgarian Ltd company to claim back the Bulgarian VAT?
I have two off-plan apartments due to be completed July 2009. I have 50% to pay on each of them. Will I need to form 1 or 2 companies and will the companies have to be active for accounting purposes and to get the VAT refund - if they are trading will I need bimonthly VAT submissions. |
As your buying apartments there isn't any need to form a company. However if you decide to buy in the companies name then one company can own any amount of properties in Bulgaria.
Hope this helps, |
|
| Back to top |
|
|
Secret_Squirrel
Not 'so' Newbie!
Joined: Feb 09, 2008
Posts: 38
|
| Posted: Fri Aug 29, 2008 4:41 pm Post subject: |
|
|
Thanks for your reply Allet. 
The reason for forming the Bulgarian Ltd company is to claim back the 20% Bulgarian VAT, that I will have to pay on my next instalment for both apartments. |
|
| Back to top |
|
|
leedarkwood
Topic Advisor: Village Life
Joined: Jun 09, 2005
Posts: 4402
Location: Near Gotse Delchev
|
| Posted: Fri Aug 29, 2008 4:50 pm Post subject: |
|
|
Be aware that to claim back vat you have to have the full 'factura' which is signed and stamped not just a till receipt and as far as I know you have to be a company which is currently trading. Suggest you ask a Bulgarian accountant.
Lee |
|
| Back to top |
|
|
Secret_Squirrel
Not 'so' Newbie!
Joined: Feb 09, 2008
Posts: 38
|
| Posted: Fri Aug 29, 2008 8:30 pm Post subject: |
|
|
Thanks for your reply Lee.
Any further advice from anyone will be most appreciated. |
|
| Back to top |
|
|
allet
Property Sales/Rentals
Joined: Jan 17, 2007
Posts: 746
Location: United Kingdom
|
| Posted: Fri Aug 29, 2008 8:42 pm Post subject: |
|
|
| leedarkwood wrote: | Be aware that to claim back vat you have to have the full 'factura' which is signed and stamped not just a till receipt and as far as I know you have to be a company which is currently trading. Suggest you ask a Bulgarian accountant.
Lee |
I second that, get advice as a mistake will be very costly.
Allet |
|
| Back to top |
|
|
oldtimer
Prop Management/Transport/Sales
Joined: Aug 14, 2005
Posts: 2594
Location: Bulgaria
|
| Posted: Fri Aug 29, 2008 8:50 pm Post subject: |
|
|
| leedarkwood wrote: | Be aware that to claim back vat you have to have the full 'factura' which is signed and stamped not just a till receipt and as far as I know you have to be a company which is currently trading. Suggest you ask a Bulgarian accountant.
Lee |
Lee is correct you cannot claim back the VAT by just making a company |
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
|
|
 | My Bulgaria Ltd is part of the Balkan Holdings Group of companies. http://www.balkanholdings.com
All logos and trademarks in this site are property of their respective owner.
My Bulgaria Ltd. Registered in England and Wales No: 05023522. VAT Registration No: 826 4017 43 |
|
|
| Search for Properties in Bulgaria |
There are 14939 Properties for sale
|
|
Click to view |
 Looking for somewhere to stay for a holiday or maybe a base for property hunting? Then why not checkout our Bulgaria Property Lets in association with Rent in Bulgaria.
Bulgarian Property Lets |
The Privilege Card is now FREE! Great savings and special offers include discounts on Real Estate Agents fees, reduced cost car hire and much more.
Privilege Card website |
Guests Online: 84
Members Online: 5
All Time High: 2810
124808788 Page Views |
| |
|
|
Forum FAQ
Advanced Search
Profile
Log in
New User Signup
Get the latest forum postings. 
