Sb Accounting & Consulting – Our History, Team and Corporate Values
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 »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Incorporation, Outsourcing, Payroll, Questions & Answers, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting provider, accounting service providers in Bulgaria, Accounting Services in Bulgaria, Annual Tax Return, business in Bulgaria, Consulting, Fiscal Representative, Incorporation, Outsourcing, Payroll in Bulgaria, Payroll Services in Bulgaria, Tax Services in Bulgaria, Taxation, VAT
Correct treatment of specific employees benefits according to the Bulgarian legislation
Q: Every year, the our company rewards the highest achieving sales employees with a trip outside Bulgaria. Employees spouses and/or partners are able to join this trip and the company pays for all charges incurred whilst the employees are on this vacation.
Can you please advice about the correct treatment for these trips, also please answer the following questions:
1. Is the total amount of the trip a… Continue reading »
Posted in Accounting, Bulgarian Tax Guide, Doing Business in Bulgaria, Payroll, Questions & Answers, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting service providers in Bulgaria, Accounting Services, Accounting Services in Bulgaria, award is non-wage, Awarding employees in Bulgaria, bonuses, Bulgarian Personal Income Tax Act, business in Bulgaria, income, Market Price, non-pecuniary, non-wage, Payroll Bulgaria, payroll implications, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Personal Income Tax Act, taxable basis and respectively the advance tax, taxable benefit, Value Added Tax
Awarding employees in Bulgaria with different types of benefits – payroll and tax treatment
Q: Our company is a leading trading firm registered in Bulgaria and operating in several markets in EU. We wish to stimulate our employees by awarding them with different types of non-pecuniary bonuses like TV’s, computers, cars and etc. So can you please advise if this would be deemed as taxable benefit and if there are any other payroll implications for both employee and employer. Also:
1. Can… Continue reading »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Outsourcing, Payroll, Questions & Answers, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting service providers in Bulgaria, Accounting Services, Accounting Services in Bulgaria, award is non-wage, Awarding employees in Bulgaria, bonuses, Bulgarian Personal Income Tax Act, business in Bulgaria, income, Market Price, non-pecuniary, non-wage, Payroll Bulgaria, payroll implications, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Personal Income Tax Act, taxable basis and respectively the advance tax, taxable benefit, Value Added Tax
Tax on sale of property by an individual in Bulgaria
Q: Private individual sells one property for BGN 200 000 in the year 2010. The property had been bought back in 1999. Is the individual required to get register for VAT in Bulgaria? What are the tax liabilities in the event of such a deal?
Answer:
According to Art. 3, para. 1 from the VAT Act in Bulgaria, liable for tax under the VAT Act shall be any person… Continue reading »
Posted in Questions & Answers Tagged individual, Personal Income Tax Act, Property Bulgaria, Tax on Sale, VAT Act
Self-employed UK citizen – considering carrying on with his work from Bulgaria
A visitor to our web site asked the following question:
I am currently self-employed in the UK and I am considering carrying on with my work from my Bulgarian home. Can you tell me if I would be liable to pay tax in Bulgaria? My clients are UK based and pay from UK bank accounts into my own UK bank account.
Here is our answer:
In case
Posted in Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Questions & Answers, Taxation Tagged Bulgarian Personal Income Tax, egistration under VAT, personal annual tax return, place of residence is in Bulgaria, Self-employed UK citizen, tax in Bulgaria, taxes on income
Bulgaria ›› 1303 Sofia ›› 46-48' Opalchenska Street ›› Floor 7 ››
Tel.: +359 2 920 17 73, +359 888 886 550 ›› 
›› Email: office@sb-bg.com
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