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 […]
Company in Bulgaria The information about all companies in Bulgaria is free available on the website of the Bulgarian Trade Register – http://www.brra.bg/ . The website is only in Bulgarian, but with a little help from Google translate or a friend you should be able to find the information on your company in Bulgaria. Click “Справки” […]
Representative expenses On representative expenses such as; dinners, gifts, cloths, food and drinks, a tax of 10% has to be paid. The expense is, together with the paid tax, deducted from the companies’ taxable income. The VAT on these expenses cannot be offset nor claimed. The tax is due up to the 15th of the […]
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 […]