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Taxation of Non-cash Income of Natural Persons

In commercial turnover, especially in cases of senior management staff, remuneration is often paid not only in cash but also in the form of other fringe benefits, which also have certain value.


In relation to such added value to the remuneration, tax legislation arranges income of natural persons as ‘cash’ and ‘non-cash’, both subject to taxation.

Is the New Value Added Tax Act “European”?

Regarding the part of the Act, which harmonizes the legal framework in view of Bulgaria’s accession to the EU, we can clearly give a positive answer.


In the last years the Bulgarian tax legislation has undergone a material revision to achieve harmonization with the EU tax legislation.

The VAT Act introduced with effect from January 01, 2007 has implemented the VAT concepts of the Sixth Directive, as further replaced by the Council Directive 2006/112/EC. The new rules affected the VAT implications of the supplies of immovable property.

The purpose of this material is to outline the scope of the supplies with immovable property exempt under the Bulgarian VAT Act (“VATA”).

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