In a recent interview for Bloomberg TV our colleague Emil Lukaev discussed over the topic regarding the lawfulness of the tax optimization which the business uses through the jurisdictions....

New changes were introduced into national VAT legislation related to the implementation of the provisions of Council Directive (EU) 2017/2455 of 5 December 2017.

As of 01.08.2023 a new important amendment in the Bulgarian VAT Act was adopted and entered into force.

On 7 December 2011, the Bulgarian Parliament voted in support of the 2012 amendments to the Tax and Social Procedure Act, the VAT Act, the Excise Duties and Tax Warehouses and the Personal Income Tax.

Freelancing is on the rise in Bulgaria, with professionals across IT, digital marketing, design, and consulting embracing the flexibility and autonomy it brings.

On 7 June 2012, the Ministry of Finance published a draft for amendment of the Tax and Social Insurance Procedure Code.

As of July 1st, new VAT rules enter into force in the European Union, which facilitate the fulfillment of the existing obligations related to the VAT and reduce the administrative burdens for the companies...

The proposed introduction of bad debt relief in the Bulgarian legislation is a natural continuation of the administrative and court practice evolving on the topic over the past two years.

From 1 January 2012, the transfer of a construction right will be VAT exempt only until the construction permit is issued. The previous regime had allowed the exemption until the completion of the rough construction.

On 12 February 2016, Bulgaria ratified the Convention on Mutual Administrative Assistance in Tax Matters, as amended by the 2010 protocol, by way of Decree No. 21 published in the Official Gazette No. 14 of 19 February 2016.

Bulgaria has introduced key updates to its implementation of the 15% global minimum tax, impacting large multinational groups from 1 January 2024.

The VAT rate in Bulgaria has remained unchanged at 20% for many consecutive years. Recently, there has been a lot of debates on the future possibility of amending the VAT rate for certain food

Bulgaria is a destination of contradictions and of all combinations.

Recent important amendments to the Bulgarian Law on Value Added Tax (VAT) have become applicable as of January 1, 2017.

In Bulgaria, child tax credits stand as a cornerstone of family support, crucial for fostering the well-being of children.

As of July 1, 2020, with a change in the Value Added Tax Act (VAT), the introduction of a temporary differentiated VAT rate was adopted for some sectors that are most affected by the economic crisis in connection with COVID-19.

In Bulgaria, companies are required to calculate their accounting profit or loss annually, following local financial reporting standards.

In many countries the tax leaders notice changes in tax authority scrutiny of the business affairs especially as governments begin to address budgetary pressures arising from responding to the COVID-19 pandemic.

Employees in Bulgaria working for companies registered only as foreign insurers, without a permanent establishment or base in the country...

In a significant move aimed at bolstering economic ties, the Bulgarian government has approved a draft agreement with Australia to avoid double taxation on income taxes.