The Client and The Problem
Our client, an investment company, manages a portfolio of residential and commercial real estate assets The client’s activities currently include acquiring, renovating, maintaining, and renting out real estate properties that generate a stable and consistent income stream.
As part of expanding their portfolio, the company acquired a new investment property and sought to recover the VAT associated with the purchase. Given the significant value of the transaction and the strict scrutiny applied by the Bulgarian tax authorities, the client anticipated a detailed review and understood that professional guidance would be essential.
Recognizing the need for accuracy, transparency, and full representation throughout the process, the client turned to Eurofast for support.
The Challenge
The Client faced a significant challenge: recovering VAT on a major real estate investment.
This involved:
- preparing complete and compliant documentation;
- managing detailed reviews by the National Revenue Agency;
- minimizing the risk of corrections or delays;
- ensuring accurate representation throughout the process.
This was both a reactive need with administrative requirements and potential tax risks, but also a proactive step to optimize the financial outcome of their investment.
Why did the Client Choose Eurofast
The client evaluated different service providers but selected Eurofast due to:
- our strong professional reputation;
- proven expertise in VAT recovery across multiple industries, including but not limited to real estate;
- clear, structured, and transparent workflows;
- the client’s confidence that Eurofast could safeguard their interests and deliver results.
Eurofast’s responsiveness and professional depth were key in the Client’s final choice.
The Eurofast Method
Once the cooperation started, Eurofast:
- conducted a full review and structuring of all documents related to the property acquisition;
- prepared the complete VAT recovery submission package;
- represented the client during detailed tax authority checks;
- provided timely updates, guidance, and professional communication throughout the process.
From the early stages, the Client felt reassured by Eurofast’s methodical approach and high level of expertise.
The Results
Eurofast successfully guided the client through the entire VAT recovery procedure. The outcomes included:
- successful completion of tax authority reviews;
- no disputed or rejected documentation;
- only minimal technical adjustments, with no impact on the outcome;
- full VAT recovery amounting to approx. EUR 90,000;
- complete satisfaction on the Client’s end, having received the funds in full.
This result demonstrates the tangible value Eurofast delivers through precision, experience, and a proactive approach to tax compliance.
If you’re facing a complex VAT or compliance process and want certainty at every step, our specialists are ready to support you wherever you operate.