Tax on expenses in Bulgaria – part II
We will continue our previous post about the tax on expenses in Bulgaria. If you have missed the first part please read it here first…
The expenses which are exempt from taxation are:
1) social expenses for contributions and premiums for additional social security and life insurance – up to the amount of BGN 60 per month per each employed person, when the taxable persons have no… Continue reading »
Posted in Accounting, Bulgarian Tax Guide, Consulting, Payroll, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, exemption from taxation, Payroll Bulgaria, payroll services bulgaria, Payroll Services in Bulgaria, tax payers of the tax on expenses
Health and Safety at Work in Bulgarian company overview of 2011 legislation
In Bulgaria every employer is obliged to apply the conditions of the Health and Safety at work Act and to ensure healthy and safe conditions for work of his employees. The provision of healthy and safe working conditions is to be carried out according to the nature of the activities and the requirements of the technical, technological and social development with the aim of protection of life, health and working… Continue reading »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Payroll Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, Accounting Services in Bulgaria, Employees’ representatives, employer, employer Bulgaira, Health and Safety, Health and Safety at work Act, Health and Safety at Work in Bulgarian, Industrial Medicine, Minister of Health, Minister of Labour and Social Policy, technological and social development, Working conditions groups
Conditions and Time period for VAT Refund of paid VAT in Bulgaria
In Bulgaria, the paid VAT on taxable supplies, imports, acquisitions subject to reverse-charge, is deductible if the purchases are directly related to the taxable supplies performed by the Bulgarian company.
The standard period for VAT refund is up to four and a half months. VAT to be refunded is deducted from the payable VAT over the succeeding three months. If there is still VAT to be refunded after that… Continue reading »
Posted in Accounting, Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, period for VAT refund, recovery of VAT denied
Tax on expenses in Bulgaria – part I
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 »
Posted in Accounting, Bulgarian Tax Guide, Consulting, Payroll, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, documented expenses, overpaid tax, Payroll Bulgaria, payroll services bulgaria, Payroll Services in Bulgaria, tax not paid, tax on expenses
Use of annual paid leave in Bulgaria new legislation 2011 – part II
Please find below the second part of our study about the change of the Bulgaria legislation 2011 regards the Use of annual paid leave. If you have missed the first part please read it here first…
The employer is obliged to inform all employees of the approved schedule and to keep a copy thereof available to them at a suitable place in the enterprise.
- The schedule… Continue reading »
Posted in Accounting, Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Payroll, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, annual paid leave, Labour Code Bulgaria, Payroll Bulgaria, payroll services bulgaria, Payroll Services in Bulgaria
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