News
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…
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…
Correction of annual tax return
September 30 is the deadline for submitting corrective declarations by individuals and legal entities. Individuals and companies have an opportunity to correct one-time the annual…
International Payroll – Successfully operating globally with minimal reputational risk
Money is a sensitive matter and managing employee salaries should always be handled with the utmost care, confidence, and punctuality. When expanding your business, international…
Significant increase of social insurance thresholds
On 7.03.2022, National Revenue Agency in Bulgaria has published new thresholds of insurance income. Тhe minimum monthly salary currently is BGN 650 – for the…
Our thoughts are with everyone affected by the events taking place in Ukraine.
Our thoughts are with everyone affected by the events taking place in Ukraine. 🇺🇦 We denounce the war in Ukraine started by the Russian government…