News
When doing business in Bulgaria – The Qualified Electronic Signature (QES) system saves your time and money.
When thinking of expanding your business abroad, have a look at Bulgaria that offers a host of advantages for many entrepreneurs. It has a low…
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…
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…
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…
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…