Successful VAT Recovery for Real Estate Investment Property in Bulgaria

A real estate investment company managing a portfolio of residential properties faced the significant challenge of recovering VAT on a major property acquisition in Bulgaria. The company needed to navigate complex VAT recovery procedures while ensuring full compliance with Bulgarian tax authority requirements. Given the substantial value of the transaction and the strict scrutiny applied by Bulgarian tax authorities, the client anticipated detailed reviews and understood that professional guidance would be essential. The challenge involved preparing complete and compliant documentation, managing detailed reviews by the National Revenue Agency, minimizing risks of corrections or delays, and ensuring accurate representation throughout the process.

Eurofast provided comprehensive VAT recovery services throughout the entire process. The solution included conducting a full review and structuring of all documents related to the property acquisition, preparing the complete VAT recovery submission package, representing the client during detailed tax authority checks, and providing timely updates, guidance, and professional communication throughout the process. Eurofast's methodical approach and high level of expertise ensured that all documentation met regulatory requirements and that the client was properly represented during authority reviews.

Eurofast successfully guided the client through the entire VAT recovery procedure with outstanding results. The outcomes included successful completion of tax authority reviews with no disputed or rejected documentation, only minimal technical adjustments with no impact on the outcome, full VAT recovery amounting to approximately EUR 90,000, and complete client satisfaction having received the funds in full. This result demonstrates the tangible value Eurofast delivers through precision, experience, and a proactive approach to tax compliance.