Bulgaria Ski discussion board
currency!
Author:
posts : 13 (Beginner)Date : 03-02-06 10:18currency!
1st timers to bulgaria, is it right you can take lev into bulgaria but can't bring it out!! are credit cards exceptedre: currency!
You can bring levs out. Best rates will be over there. Bring bank of england notes or Euros and change them over there. Be aware that a reliance on your card may be dodgy as a lot of atms are often empty or broken.re: currency!
You can take up to 8,000 Leva into or out of Bulgaria without declaring it - much more with declaration, see HERE for more info.Baldur
re: currency!
if you are buying house over there can you take that much as i would hate for it to be taken away at borderre: currency!
The details are in the link in my post above:
Regarding the export and import of levs and foreign currency cash the requirements of the Bulgarian legislation are the following:
1. For import
The local and foreign physical persons can import an unlimited amount of levs and foreign currency cash. When the amount of the imported money is up to 8000 levs or their equivalent in another currency they are not declared in writing and the travellers can walk through the "green channel" ...
Regarding the export and import of levs and foreign currency cash the requirements of the Bulgarian legislation are the following:
1. For import
The local and foreign physical persons can import an unlimited amount of levs and foreign currency cash. When the amount of the imported money is up to 8000 levs or their equivalent in another currency they are not declared in writing and the travellers can walk through the "green channel" ...
The details are in the link in my post above:
Regarding the export and import of levs and foreign currency cash the requirements of the Bulgarian legislation are the following:
1. For import
The local and foreign physical persons can import an unlimited amount of levs and foreign currency cash. When the amount of the imported money is up to 8000 levs or their equivalent in another currency they are not declared in writing and the travellers can walk through the "green channel" which means that the person has nothing to declare. When the amount of the imported money is over 8000 levs one has to fill out a currency customs declaration for the purpose of their being declared to the customs authorities with the travellers obligatorily walking through the “red channel”.
2. For export
а. The local and foreign physical persons can export levs and foreign currency cash amounting to up to 8000 levs or their equivalent in a foreign currency without having to declare that in writing, and they can walk through a “green channel”. If the amount is from 8000 to 25 000 levs it should be declared in writing in a currency customs declaration. When the amount of the money exceeds 25 000 levs or their equivalent in a foreign currency the manner of acquiring the money is entered and a certificate from the tax administration must be presented that the person does not have any overdue tax liabilities, and its number is entered into the currency customs declaration. For the local physical persons the certificate is issued by the tax subdivision as per the permanent address of the person, and for the foreign physical persons – by the tax subdivision as per the address of the last residence of the person in the country.
б. The foreign physical persons can export Bulgarian levs and foreign currency cash to the amount of over 25 000 levs without a certificate from the tax administration after making a declaration to the customs authorities if the value of the currency or levs being exported does not exceed the value of the imported and declared money during the last entry of the person into the country, for which the traveller presents a previous import currency declaration.
According to the Currency Law of the country there are special requirements regarding the export of precious metals as well.
The local and foreign physical persons can export and import for personal and family use precious metals, precious stones and articles with and from them both unprocessed and processed freely without a declaration in writing up to the following amounts:
· gold and platinum, unprocessed and half-processed, (in the form of ingots) and coins up to 37 g in total without regard to the content of the gold or platinum;
· jewellery and accessories from alloys of gold and platinum up to 60 g in total without regard to the content of the gold or platinum;
· silver, unprocessed or half-processed, and coins, as well as jewellery and accessories from alloys of silver up to 300 g in total without regard to the content of the silver;
· precious stones embedded in the items mentioned in p. 2 and 3.
One must declare in writing the precious metals, precious stones, and the articles with and from them over the above-mentioned amounts, as well as the articles from precious metals and precious stones carried in the form of powder or another form which have not been mentioned above.
The declaration of goods, levs and foreign currency cash, precious metals, precious stones and articles with and from them carried by travellers is carried out verbally, in writing, or by means of other actions (for instance by walking through the "red" or the "green" channel).
The undeclared levs, currency, precious metals, and precious stones are confiscated in favour of the state.
In the cases of larger violations fines are imposed as well. When an undeclared goods item or currency in particularly large amounts has been found, apart from them the vehicle which it was transported with is also confiscated in favour of the state.
Remember that 8,000 Leva is around 4,000 Euros & 25,000 Leva around 12,500 Euros.
Baldur
Regarding the export and import of levs and foreign currency cash the requirements of the Bulgarian legislation are the following:
1. For import
The local and foreign physical persons can import an unlimited amount of levs and foreign currency cash. When the amount of the imported money is up to 8000 levs or their equivalent in another currency they are not declared in writing and the travellers can walk through the "green channel" which means that the person has nothing to declare. When the amount of the imported money is over 8000 levs one has to fill out a currency customs declaration for the purpose of their being declared to the customs authorities with the travellers obligatorily walking through the “red channel”.
2. For export
а. The local and foreign physical persons can export levs and foreign currency cash amounting to up to 8000 levs or their equivalent in a foreign currency without having to declare that in writing, and they can walk through a “green channel”. If the amount is from 8000 to 25 000 levs it should be declared in writing in a currency customs declaration. When the amount of the money exceeds 25 000 levs or their equivalent in a foreign currency the manner of acquiring the money is entered and a certificate from the tax administration must be presented that the person does not have any overdue tax liabilities, and its number is entered into the currency customs declaration. For the local physical persons the certificate is issued by the tax subdivision as per the permanent address of the person, and for the foreign physical persons – by the tax subdivision as per the address of the last residence of the person in the country.
б. The foreign physical persons can export Bulgarian levs and foreign currency cash to the amount of over 25 000 levs without a certificate from the tax administration after making a declaration to the customs authorities if the value of the currency or levs being exported does not exceed the value of the imported and declared money during the last entry of the person into the country, for which the traveller presents a previous import currency declaration.
According to the Currency Law of the country there are special requirements regarding the export of precious metals as well.
The local and foreign physical persons can export and import for personal and family use precious metals, precious stones and articles with and from them both unprocessed and processed freely without a declaration in writing up to the following amounts:
· gold and platinum, unprocessed and half-processed, (in the form of ingots) and coins up to 37 g in total without regard to the content of the gold or platinum;
· jewellery and accessories from alloys of gold and platinum up to 60 g in total without regard to the content of the gold or platinum;
· silver, unprocessed or half-processed, and coins, as well as jewellery and accessories from alloys of silver up to 300 g in total without regard to the content of the silver;
· precious stones embedded in the items mentioned in p. 2 and 3.
One must declare in writing the precious metals, precious stones, and the articles with and from them over the above-mentioned amounts, as well as the articles from precious metals and precious stones carried in the form of powder or another form which have not been mentioned above.
The declaration of goods, levs and foreign currency cash, precious metals, precious stones and articles with and from them carried by travellers is carried out verbally, in writing, or by means of other actions (for instance by walking through the "red" or the "green" channel).
The undeclared levs, currency, precious metals, and precious stones are confiscated in favour of the state.
In the cases of larger violations fines are imposed as well. When an undeclared goods item or currency in particularly large amounts has been found, apart from them the vehicle which it was transported with is also confiscated in favour of the state.
Remember that 8,000 Leva is around 4,000 Euros & 25,000 Leva around 12,500 Euros.
Baldur
