Quick Answer In Bulgaria, certain business expenses classified as representative expenses—such as client meals, gifts, and business hospitality—are subject to a 10% representative tax. These expenses remain deductible for corporate income tax purposes, but the 10% tax itself is not deductible. VAT on representative expenses is not recoverable. From 2026 onward, thresholds and examples are […]
Quick Answer: Depreciation of Assets In Bulgaria, businesses depreciate assets using the straight-line method, spreading the cost of tangible and intangible assets over their useful life. Depreciation reduces taxable profit annually and must follow consistent accounting policies supported by proper documentation. Introduction Depreciation is a key element of accounting and tax planning in Bulgaria. It […]
Quick Answer: Maternity Leave in Bulgaria Maternity leave in Bulgaria lasts 410 days, starting 45 days before the expected due date, and is paid at 90% of the mother’s average gross salary, provided she has at least 12 months of social security contributions. After this period, paid childcare leave continues until the child turns 2, […]