News
Limitation of cash payment
New amendments in the Law on Limiting Payments in Cash from 1st September 2023 are introducing limitation of cash payments of: Salary payment from Employers…
New obligation for business for declaring shipments of goods with High Fiscal Risk
The Bulgarian tax authority has implemented a new system/declaration for tracking of transportation of high tax risk goods through amendments of Tax and Social Insurance…
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…
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…
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.…
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…
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…
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…
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…