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Is there VAT on transactions with land and lease of property in Bulgaria?

April 26, 2017Bulgaria land lease Property transactions VAT

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Is there VAT on transactions with land and lease of property in Bulgaria?

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Transactions with land and lease of property for residential purposes are exempt from VAT. All other real estate transactions are subject to VAT, which is 20%. The buyer/ leaser is entitled to a VAT refund, provided that it is registered for VAT purposes.