Good afternoon everybody! Sb Accounting & Consulting is happy to announce the new video update in our company’s official webpage. We welcome you to visit our renewed Video section in the Media & Communication department where you can now find the latest interview with the Business Development Manager of our company Mr. Bogdan Georgiev. Mr. Georgiev speaks about the company’s history, main areas of expertise, the team and… Continue reading »
Nearly 900 Greek Companies Expected to Move Their Businesses in Bulgaria Until the End of 2011 – Part I
The National Registry Agency in Bulgaria has announced that there has been a tremendous increase into the number of Greek investors who register companies and move their entire businesses in Bulgaria. This statistics was officially presented yesterday, on 4th of July, on the biggest National Television channel BTV. The numbers presented by the Registry Agency indicate that the number of registered Greek companies is expected to be nearly three times… Continue reading »
The rate of tax on the expenses in Bulgaria is 10%. The tax on expenses is paid until the 15th day of the month succeeding the month in which the expense was charged.
Where the taxable person has overpaid tax on expenses or corporate income tax, the said tax may be deducted from the tax on expenses due. Where a tax due has not been paid within the due… Continue reading »
Delivery of gas through a natural gas system placed on the territory of the European Union or through a network connected to such system, the delivery of electrical energy or of heating or cooling energy
Definition for Good in compliance with VAT Act.: Art. 5: Good within the meaning of this law shall be any chattel or immovable property, including electric power, gas, water, thermal or refrigeratory energy and others similar, as well as the standard software;
Additional provisions of the VAT Act – point 27 “Trader of natural gas, electricity, heat and cooling energy” shall be tax liable person, whose economic activity is… Continue reading »
Amendment in the Personal Income Tax Act related to the income from Rent paid by a Legal person to a landlord – physical person.
As from 1st of January 2011 there is an amendment in the Bulgarian Personal Income Tax Act/PITA/ which has an impact on the monthly rents paid by companies to landlords – physical persons. In compliance with art. 44, para 4 from PITA, starting from 1st of January 2011, in case that a company pays monthly rent to landlord which is a physical person, the income payer /the company/ is obliged… Continue reading »