March 10, 2013

New rules concerning protection of personal data

The Commission for protection of personal data adopted a new Regulation concerning the minimum level of technical and organizational measures and admissible type of protection…

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February 15, 2013

Changes in regulations for detected prior year misstatements

According to the new Corporate tax law whenever a prior year misstatement is discovered, the entity must notify the National Revenue Agency, which will take…

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February 10, 2013

Changes in tax deduction regulations for vehicles

According to the VAT law, tax deduction will be available for the rent of vehicles as well as for any consumables and services related to…

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January 24, 2013

New regulations concerning taxes on expenses

Starting 1 January 2013, the tax on expenses (entertainment expenses, social expenses, expenses for additional voluntary insurance, expenses for food vouchers, expenses for vehicles used…

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January 18, 2013

New changes in tax legislation

 Additional changes include:  The maximum threshold used as a base for calculation of social contributions increases from 2000 BGN to 2200 BGN starting from 1 January…

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January 9, 2013

New schedules and regulations for corporate tax installments

Entities with sales income between BGN 300 thousand and BGN 3 million are required to make quarterly installments with the following schedule: Q1 – until…

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