Effective as of January 1, 2023, Bulgaria's Value Added Tax Act (VATA) was overhauled, introducing a comprehensive system for reducing VAT related to outstanding invoices.

At the end of year 2010, Bulgarian parliament adopted a number of changes in the Corporate Income Tax Act (CITA), some of which will have a significant beneficial effect on cross-boarder transactions.

Starting in October 2023, managing your tax and social security payments to the Bulgarian National Revenue Agency (NRA) is about to get a whole lot easier.

How company assets can be used in a personal capacity in Bulgaria is determined by both enterprise taxation rules and those affecting the personal income of the employees or manager.

Certain changes to the Bulgarian Social Security legislation were published in the Bulgarian State Gazette No 103/4.12.2020, that entered into force on the 1st of January 2021.

Resident individuals are taxed on their worldwide income, while non-residents are taxed on their income derived from sources in Bulgaria.

Resident individuals are taxed on their worldwide income, while non-residents are taxed on their income derived from sources in Bulgaria.

Resident individuals are taxed on their worldwide income, while non-residents are taxed on their income derived from sources in Bulgaria.

The new Treаty defines a 5% withholding tаx on royаlties (previously 15%).

Taxation

В ДВ. бр. 64 от 13.08.2019 е обнародван Закон за изменение и допълнение на Данъчно- осигурителния

Taxable Income Of Natural Persons From Foreign Financial Transactions.