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, […]
Quick Answer: Do You Need VAT Registration in Bulgaria? You generally need to register for VAT in Bulgaria if: VAT registration may also be required in practice when operating webshops, cross-border EU trade, logistics, or international services, even if the standard threshold is not exceeded. VAT Update – 2026: What Changed and Why It Matters […]