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 »
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 »
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 »
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 »