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Automotive Industry

Industry Experience

During the recent years Bulgaria has become a preferred destination for producers of various parts for cars and many new investments have been made in this industry. Dr. Svetlin Krastanov has sound experience with advising on tax matters foreign companies setting up their automotive business in Bulgaria. Below are listed some of his recent projects for the automotive industry:

  • Review and optimization from a tax perspective of supply chains of car components manufactured/assembled in Bulgaria.

  • Advice on Bulgarian VAT and CIT aspects of setting up of a Bulgarian branch of a leading foreign manufacturer of car parts.

  • Advice and assistance with a Bulgarian VAT refund for a leading German car manufacturer.

  • Tax review, identification and application of VAT optimization strategies for a manufacturer of car parts.

  • Advice on the Bulgarian VAT aspects of tooling and obtaining a tax ruling in this respect.

  • Ongoing tax advice on tax and customs aspects of the activity of several manufacturers of car components.

  • Advice on tax and customs aspects of toll manufacturing activity in Bulgaria.

  • Review for several years of the Bulgarian Corporate Income Tax Return of a manufacturer of car components.

  • Advice on FATCA reporting requirements provided to a company from the automotive industry.

  • Comments on the Bulgarian VAT aspects of transfer pricing adjustments.

  • Advice on the Bulgarian VAT aspects of intra-Community supplies of car parts.

  • Tailor-made tax training events delivered to manufacturers of car components.

  • Contributed for several years in a row to the PwC's Global Automotive Tax Guide.

  • Contribution to the tax aspects of a report on the Bulgarian automotive industry.

Dedicated Services

Dr. Svetlin Krastanov offers the following dedicated tax services to the companies from the automotive industry:

  • Advice on the Bulgarian tax aspects of setting up a company branch or a representative office in Bulgaria.

  • Review and optimization from a tax perspective of supply chains of companies from the automotive sector.

  • Tax review and identification of tax optimization strategies for companies from the automotive sector

  • Advice on the Bulgarian tax incentives available for companies from  the automotive sector.