Tax on plastic bags Since a few weeks in more and more shops the sellers ask you if you want a bag with your goods. The reason is not that we got environmental in Bulgaria all of a sudden but the government imposed a new eco tax on plastic bags. The new law is in […]
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 […]
Bulgaria Says No to New EU Taxes Bulgaria has taken a stand against a European Commission proposal for the introduction of new taxes across the European Union, including a financial-transaction levy and a new value added tax. “Bulgaria doesn’t support the introduction of new taxes because it will impose an extra burden on EU citizens […]
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 […]