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.

Shares represent securities that are part of the capital of a trading company. In this article, we will look at the possibility of providing shares to employees and what the benefits are.

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.

Insurance income, the basis for calculating state contributions, is undergoing a shift in 2024. The maximum insurance income, beyond which money is subjected to income tax rather than insurance...

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

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

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.

In the issue 64/13.08.2019 of The State Gazette, the Law on the Amendment and Supplementation of the Tax and Social Insurance Procedure Code ...

The agreement, promulgated in SG, issue 55 of July 2, 2021, is in line with the priorities of the two countries, the current Bulgarian and Dutch tax legislation and the modern principles of international taxation,..

In Bulgaria, tips left for waiters, bartenders, drivers, and other service workers often raise questions regarding their tax and social security treatment.

Shell companies have always held a mystique for entrepreneurs, offering a legitimate cover for various financial and business maneuvers. The European Union has been diligently working on regulatory...

Self-employment in Bulgaria is diverse and impactful, contributing significantly to the economy. While it offers freedom and flexibility, self-employed individuals...

Bulgaria is set to implement the Standard Audit File for Tax (SAF-T) system from 1 January 2026, marking a significant milestone in the country's digital tax compliance landscape.

We are already used to making substantial changes and additions to the main tax laws every year. With this year being no exception, we will describe below the most important changes coming into force at the beginning of 2023.

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.