Foreign people will have the opportunity to receive a permanent residency in case they have made an investment not less than 500 000 BGN in the capital of Bulgarian trade representation office and open not less than 10 work places for Bulgarians. As far as economically disadvantaged areas with high unemployment are concerned, the threshold of required investment drops to 250 000 BGN with opening of at least 5 work places… Continue reading »
With the changes in legislation a lot of favourable conditions are back for getting a VAT refund when acquiring or renting company’s cars.
Some changes in the legislation provide greater opportunities for companies to deduct VAT. Companies could use tax credit in the following cases: when they use an operating leasing, when they buy cars for their main business with 6+1 seats and when transport and other specialized companies buy… Continue reading »
As from 1st of January 2013, a new requirement came into force for a separate garbage collection from all trading organizations, industrial, farm and administrative buildings at the territory of the Republic of Bulgaria.
According to the new requirement, the following listed wastes should be collected separately:
- Paper and cardboard
First of all, the order and the conditions for the organization… Continue reading »
The law decreases the number of tax categories from eight to three and imposes 42% rate of the incomes over 42 thousand Euro annually. Up to now incomes over 60 thousand euro annually were taxed with 40%, incomes over 100 thousand euro – with 45%. Employees and pensioners, who earn up to… Continue reading »
After the parliament approved some unpopular measures of increasing its own incomes, which is one of the main requirements for obtaining an international financial help, the households in Greece should go through higher taxes and more expensive electricity in the New Year. During the parliament session, the majority of the MPs approved the new legislation, which can be considered as a next assault on the middle class, according to the… Continue reading »