EC Pursues Infringement against Bulgaria on VAT Rules novinite.com The European Commission has issued an official request to Bulgaria to change its VAT legislation in order to ensure equality among entities working within the country and in the EU. Bulgaria has two months to bring laws in line with European Union legislation, after which the Commission will […]
Per the 1st of January 2011 the amendments on Law on Income Tax of Individuals are in effect. The amendments have been published in the State Gazette (Държавен вестник) number 94, 30/11/2010. The law affects companies paying rent to physical persons. As of the 1st of January 2011, companies who pay rent to physical persons […]
Maternity leave in Bulgaria – отпуск за бременност и раждане To be entitled to maternity leave allowance it is necessary to have worked at least 18 months prior to taking the maternity leave. The allowance is 90% of the average gross salary of the 12 months before taking maternity leave. The period for maternity leave […]
Re-registration The issue of Re-registration for companies in Bulgaria is still pending. At the end of 2010 the deadline was set at December 31, 2011. Re-registration is obligatory for all companies registered before January 1st 2008. Not fulfilling this obligation will lead to liquidation of the company. The company-owner will be held responsible for all […]
[vc_row][vc_column][vc_column_text] Updated information on company formation in Bulgaria you can find here: Starting business in Bulgaria Company formation Bulgaria The most common model for setting up a company is the Limited Liability Company (Ltd.). In Bulgaria there are two forms of Ltd.; Single owner Ltd. (EOOD) Multiple owner Ltd. (OOD) Owners – natural persons or […]