Taxation: Opet Aygaz Bulgaria EAD – advice on VAT and excise duties regulations following Bulgaria’s EU accession

The EU accession has brought about considerable changes to the Bulgarian VAT and excise duties regime.

In the beginning of 2007 Delchev & Partners advised Opet Aygaz Bulgaria EAD (the local subsidiary of the Turkish industrial conglomerate Koc Holding) on the implementation of the new regulations applicable to the company after Bulgaria’s EU accession. Our team has supported the company with regard to its compliance with the regulations on receipt and storage of excise goods under duty suspension arrangements as well as on the release of the goods for consumption and other related queries.