Changes in the Bulgarian Legislation Concearning the Labour Activity by Foreign Individuals – part III
We will continue our previous two posts about the changes in the Bulgarian Legislation concearning the labour activity by foreign individuals. First, please read part I here and part II here if you have missed them.
In compliance with the Ordinance for the conditions and the provisions for the business trips, the Work permit shall be issued by the Bulgarian Employment Agency and the registration of the… Continue reading »
Posted in Bulgarian Laws in English, Consulting, Doing Business in Bulgaria Tagged accepting party, condition and provisions for business trips, Employment Agency's Labour Office
Changes in the Bulgarian Legislation Concearning the Labour Activity by Foreign Individuals – part I
The legal status of foreign nationals in Bulgaria is governed by the Constitution of the Republic of Bulgaria, the Law for the Foreigner in the Republic of Bulgaria, the Regulation on the Application of the Law for the Foreigner in the Republic of Bulgaria and the Ordinance on Issuing Visas. Generally, the Bulgarian legislation concerning foreign citizens is in compliance with the EU aquis communautaire related to the immigration policy… Continue reading »
Posted in Bulgarian Laws in English, Doing Business in Bulgaria Tagged european citizens do not need VISA, new definition of a foreigner, no need to obtain any permits or certificates, visa-waiver agreements
The VAT Mechanism in Bulgaria
Goods purchased and/or services received by the Bulgarian company from local suppliers would be generally subject to 20% VAT chargable by the suppliers. The invoices issued to the Bulgarian company from the Bulgarian suppliers have to be reported in the purchase ledger and VAT return of the Bulgarian company for the month in which they were issued. According to the general rule, the taxable event in Bulgaria occurs on the… Continue reading »
Posted in Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Consulting, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria
General Provisions on Economic Activity of the Main Contractor in Bulgaria
In compliance with the COUNCIL DIRECTIVE 2006/112/EC of 28 November 2006 on the common system of value added tax, and art.133 from VATA “Registration of foreign person, who is not settled in the state” the foreign companies:
- which are obliged or intend to receive a Bulgarian VAT registration;
- don’t have commercial units and place of activity in Bulgaria;
- execute taxable supplies on the territory of Bulgaria… Continue reading »
Posted in Accounting, Bulgarian Laws in English, Consulting, Doing Business in Bulgaria Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria
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