Bulgarian’s love their luxury cars and it tuns out they’ve come up with a clever, but definitely illegal, way to side-step paying huge amounts in VAT.
Some owners of lux cars like BMWs, Porches, Audis and Mercedes registered their expensive cars as delivery trucks. To do this they took the backseats out and got a screen put in behind the driver’s seat. Once that was done their vehicle qualified as a light truck under Bulgarian law- light trucks are VAT exempt in the country!
The Bulgarian VAT on a luxury car is between £6,759-£20,500 so it’s easy to see why the government are trying to close in on those utilizing this tax loophole.
According to the Bulgarian Interior Ministry’s official Press Release the government have already tracked down one man who owes over £20,000 in VAT plus further interest for late payment.
In another instance police in the city of Plovdiv came across 26 luxury cars all registered as light trucks used for delivering a Bulgarian fast food called banitsas. Of course they weren’t delivery vans at all, they were modified lux cars!
On the documentation for the 26 vehicles the value was listed at £453-£1,200 when in fact each car was worth more than £45,000.
[...] Originally posted here: Bulgarian Police Crackdown on untaxed modified luxury cars … [...]
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