Stability Reigns: Sofia Real Estate Market Thrives Despite Uncertain Times
The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
As of 1 July 2021, new European VAT rules for business-to-consumers (B2C) transactions will apply, impacting suppliers of services, goods, marketplaces and postal couriers.
Why these new rules?
What’s new?
Who is affected?
Various VAT rates currently apply to their services depending on their nature and the place of residence of the clients (e.g. transport services, catering services, leasing of means of transport, etc.).
As from 1 July 2021:
The new VAT rules will impact their reporting obligations and their margins, depending on the value of the goods, their origin and whether marketplaces facilitate the sales. With the introduction of a common and unique threshold of EUR 10,000 through the EU, the new rules will lead to the systematic application of the VAT of the EU Member State of final arrival of the goods.
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The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
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