VAT in Bulgaria Newly registered companies do not automatically enter the VAT system; your company has neither obligations nor rights concerning VAT in Bulgaria. Registering for VAT becomes compulsory when; Your company has more than 50’000 BGN turnover over the last 12 months. Your company has business outside of Bulgaria. You send invoices to countries […]
Taxation in Bulgaria The overview below is just a summary of the most common taxes and VAT in Bulgaria. For detailed information you can check the websites of the National revenue agency (NRA) and Invest Bulgaria Agency or contact us when you have any further questions. Corporate tax – 10% The taxable profit has to be […]
Starting Thursday, the minimum monthly wage in Bulgaria grows from BGN 240 to BGN 270 (EUR 137). According to the country’s Finance Minister Simeon Djankov, the minimum wage rise will cost its state budget approximately BGN 15 – 20 M. However, the private sector’s expenses will be much higher, the Dnevnik daily points out. Some […]
The Bulgarian government will update the minimum wage for the country from BGN 240 to 270 and will make a similar rise in retirement pensions, according to Minister of Labor Totyu Mladenov. Mladenov stated the rise will be active starting July 1, and that a formal decision is to be taken between June 15-20 at a sitting of the three […]