Understanding VAT (Value Added Tax) is crucial for any business operating in Bulgaria. While Bulgaria adheres to the general EU VAT directives, it has its own specific rules and regulations. This guide provides a comprehensive overview of VAT in Bulgaria, including VAT rates, registration requirements, and compliance obligations, to help businesses navigate the Bulgarian VAT […]
Bulgaria has become an increasingly attractive destination for businesses and individuals alike, thanks in part to its favourable tax system. Characterised by low tax rates and a straightforward structure, taxation in Bulgaria offers a competitive advantage within the European Union. This guide provides a comprehensive overview of the main taxes relevant to businesses and individuals […]
Bulgaria’s Value Added Tax (VAT) law, or ЗДДС (Zakon za Danak Varhu Dobavenata Stoynost), contains specific provisions for real estate transactions. Understanding these provisions is crucial for anyone involved in buying, selling, or leasing property in Bulgaria. This blog post aims to provide a clear and concise overview of the VAT treatment of real estate […]
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 […]
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 […]