Investment Activity In the Manufacturing Sector – Interesting Statistics
The investment business survey, conducted by the National Statistics Institute among manufacturing companies during the second half of March 2012, provided information for the realized by them investments in 2011and also their investment plans for the present year.
In 2011 the expenses for acquiring tangible and intangible fixed assets in the manufacturing sector are with 10.6% less than those in 2010.
The present business research for investment activity demonstrates… Continue reading »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Taxation Tagged Accounting Bulgaria Bookkeeping, business in Bulgaria, CIT, Consulting, income, taxation bulgaria, VAT
Interim Forecast of the European Commission – the Eurozone Is in a Slight Recession, Bulgaria Ranked 5th for Economic Growth for 2012
The last report of the European Commission on the growth of the EU member states, dated 23th February 2012, provides that despite of the expectations for recession in the Eurozone in general, Bulgaria is expected to demonstrate a steady economic growth and for that reason it is ranked 5th among the countries for economic growth. The European Commission revised entirely its forecast for economic growth of the EU member states… Continue reading »
Posted in Bulgarian Tax Guide, Clients Showcase, Consulting, Doing Business in Bulgaria, Incorporation, Taxation Tagged Accounting Services in Bulgaria, Annual Tax Return, bulgarian labor code, bulgarian national bank, business in Bulgaria, Corporate Income Tax Act, GDP, labor code bulgaria, Legislation, Tax Services in Bulgaria, Taxation, taxation bulgaria, Value Added Tax, VAT
Year-End Closure and Publishing the Financial Statements for 2011
It is the beginning of the year and according the Chapter 5 from the Accounting Law every single Bulgarian company is obliged to complete the year end closure and to prepare and publish its financial statements. The deadlines for the above mentioned obligations are the following:
- for the submission of the Annual Tax Returns for 2011 to the National Revenue Agency and to the National Statistic Institute – no… Continue reading »
Posted in Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Doing Business in Bulgaria, Questions & Answers, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services in Bulgaria, Annual Tax Return, business in Bulgaria, CIT, income, Legislation, taxation bulgaria
Joint-Stock Company – Establishment, Rights and Obligations – Part I
The joint-stock company is a classic capital trade company in which there is almost a full detachment between the legal entity and the shareholders. For that reason the partners are called shareholders. The capital of the company is divided into equal parts, called shares. The shares are securities which materialize the capital and the participation in the joint-stock company.
The joint-stock company has the following distinguished characteristics:
- It is… Continue reading »
Posted in Accounting, Bulgarian Laws in English, Consulting, Doing Business in Bulgaria, Incorporation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services in Bulgaria, Bookkeeping, Incorporation, Legislation
Residence Permits for EU Member States’ Citizens On the Territory of Republic of Bulgaria
The regime for residence of EU member states citizens and their families on the territory of Republic of Bulgaria is defined with the Law for entering, residence and leaving the territory of Republic of Bulgaria by citizens of the EU and the members of their families.
An EU citizen is permitted to reside in Bulgaria with an ID card or passport for maximum of three months. If a member… Continue reading »
Posted in Bulgarian Laws in English, Clients Showcase, Consulting, Doing Business in Bulgaria, Questions & Answers, Taxation Tagged Annual Tax Return, bulgarian labor code, business in Bulgaria, Consulting, income, labor code bulgaria, labor contract bulgaria, Labour Code Bulgaria, Personal Income tax, Personal Income Tax Act, Tax Services in Bulgaria
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