Nature and Types of Transfer Pricing – Part I
Transfer pricing is a practice which is usually connected to international operations. It’s related to non-market approach in defining prices of products and services, which are being delivered from one division of the organisation to another. Despite of the administrative pricing, the operations can be conducted on the basis of market principles whereas through the price base there are implemented typical features of the competition pricing.
The definition of the… Continue reading »
Posted in Accounting, Clients Showcase, Consulting, Questions & Answers Tagged Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, Bookkeeping, business in Bulgaria, Consulting, income, Legislation, Limited Liability Company
Five Years of Flat Tax Rate in Bulgaria – Part I
In two consecutive years, a flat tax of 10% was introduced in Bulgaria. First in 2007 -10% tax on corporate incomes and in 2008 – 10% tax on incomes of individuals. The flat rate can be defined as a positive reform for Bulgaria. In the countries with flat tax rate the economy and the incomes grow significantly faster. The flat tax rate on incomes increases the economic activity, opens new… Continue reading »
Posted in Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation Tagged business in Bulgaria, Consulting, Corporate Income Tax Act, Personal Income Tax Act, Tax, Tax Services, Tax Services in Bulgaria, taxation bulgaria
New Favourable VAT Refund Opportunities For The Auto Market in Bulgaria
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 »
Posted in Changes in Legislation, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting services bulgaria, Accounting Services in Bulgaria, business in Bulgaria, Consulting, Law, Legislation, Tax Services in Bulgaria, taxation bulgaria, Value Added Tax, VAT
The Crisis Decreases the Number of the Mergers and Acquisitions Market in Central and Eastern Europe
The market of mergers and acquisitions in the countries from Central and East Europe shrank by 40% in 2012.
The main reasons for the registered recession is: the continues debt crisis in the Eurozone, which is a main trade partner in the Region, the political unstable situation in some of the countries and the strict plans for budget economies, implemented from the countries.
During the previous year in the region… Continue reading »
Posted in Incorporation Tagged business in Bulgaria, Consulting, Fiscal Representative, Incorporation, VAT
Insurance Of An Owner of Solely Owned Limited Liability Company With Second Labor Contract
Recently we received a question from a visitor at our website which was the following:
“I am a sole shareholder of a limited liability company. In the company I have appointed a director, who I insure. I work on a labor contract with another employer, who insures me for all insurance cases. My question is, when I am insured from this employer, should I insure myself additionally in the
Posted in Clients Showcase, Questions & Answers Tagged Consulting, income, labor code bulgaria, labor contract bulgaria, Legislation, Payroll in Bulgaria, Payroll Services in Bulgaria, Personal Income tax, Tax Services in Bulgaria
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