The transfer of buildings (apartments) is subject to VAT. Practically, this means that if the seller is a Bulgarian company registered for Bulgarian VAT purposes, the seller shall be obligated to charge VAT.
The transfer of agricultural (non-regulated) land is deemed a VAT exempt supply i.e. the seller should not charge VAT, however the Seller is entitled to chose to charge VAT.
Transfer of regulated land is subject to VAT.
Delchev & Partners is a prime, full service, commercial law firm with offices in Sofia and Plovdiv, Bulgaria. Our experienced team of lawyers and consultants provide quality legal and tax services in various practice areas to multinational corporations and companies, closely held foreign and local businesses, local entrepreneurs, exempt organizations and individuals, based or operating in any major Bulgarian city – Sofia, Plovdiv, Varna, Burgas, Stara Zagora etc.