News

6 days ago

NON-WORKING DAYS FOR 2023

Public holidays in Bulgaria for 2023 are: New Year – January 1 (Sunday), non-working day is January 2 (Monday) Liberation of Bulgaria – March 3…

Continue reading
6 days ago

PAYMENT SERVICE PROVIDERS MUST REPORT TO TAX OFFICE

From the beginning of 2024, payment service providers, such as banks, money transfer companies, some online trading platforms, etc., will be obliged to report to…

Continue reading
6 days ago

UNUSED VACATION DAYS FOR 2020 EXPIRE

National Labor Inspectorate reminds at its web portal that the statute of limitations of employee’s paid leaves from 2020 expire until the end of 2022.…

Continue reading
6 days ago

THERSHOLD FOR INTRASTAT 2023

Thresholds for declaration under the Intrastat system for 2023 are: for intra-EU acquisition – BGN 700,000. for intra-EU – BGN 1,000,000. The thresholds for declaring…

Continue reading
6 days ago

TERSHOLD FOR MONDATORY VAT REGISTRATION 100 000 BGN

From January 1, 2023, comes into force an amendment in Art. 96, para. 1 of the Bulgarian Value Added Tax Act for mandatory registration under the…

Continue reading
January 11, 2023

TAXATION IN BULGARIA

Taxable Profits Taxable profits are profits you make from: Business operations Investing Chargeable gains Financing, leasing, etc.  A Bulgaria-based international business is subject to paying…

Continue reading
January 11, 2023

PAYROLL IN BULGARIA

PAYROLL CALCULATION PROCEDURE All employment relations are handled by the Labor Code. Other Acts related to employment legal requirements are Healthy and Safe Working Conditions…

Continue reading
January 11, 2023

ACCOUNTING AND AUDITING IN BULGARIA

ACCOUNTING FOR ALL ENTITIES A corporate tax of 10% is imposed on Bulgarian companies, to be paid on all of their global income by March…

Continue reading
January 11, 2023

ESTABLISHING A BUSINESS IN BULGARIA

In recent years, Bulgaria has initiated legal and factual steps towards becoming the most attractive investment destination in the region. Some of the actions include…

Continue reading

Get in Touch

    +359 2 983 2198