Five Years of Flat Tax Rate in Bulgaria – Part II
The flat tax had a positive influence for the budget and this is an important result. The low tax rates are mostly criticized, because they don`t insure enough incomes to the budget and they “take the blood” out of the government and the social system. In this case it is absolutely the opposite. The low flat tax rate of 10% has secured more tax incomes exactly in the years of… Continue reading »
Posted in Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation Tagged business in Bulgaria, Corporate Income Tax Act, Personal Income Tax Act, Tax, Tax Services in Bulgaria, Taxation, taxation bulgaria
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
The European Bank for Recovery and Development Increased Its Positive Expectations For Economic Growth in Bulgaria to 1.9%
The European Bank for Recovery and Development (EBRD) expects an increase of the GDP rate with 1.9%. During the previous year the institution was expecting the growth to reach 1.7%.
The financial institution emphasizes that the fiscal position of the country remains stable with low deficit. It is also pointed that because of the successful emission of Eurobonds, which were issued last year, Bulgaria has significant fiscal and monetary buffers… Continue reading »
Posted in Bulgarian Tax Guide Tagged business in Bulgaria, Corporate Income Tax Act, GDP, Incorporation, Personal Income Tax Act, Tax Services in Bulgaria, taxation bulgaria
New Tax Rates in Greece As From The Beginning of 2013 – Part II
Continuing from New Tax Rates in Greece As From The Beginning of 2013 – Part I
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 »
Posted in Changes in Legislation, Consulting, Doing Business in Bulgaria, Taxation Tagged Accounting Services in Bulgaria, business in Bulgaria, Corporate Income Tax Act, GDP, income, Incorporation, Tax Services in Bulgaria, Taxation, taxation bulgaria
New Tax Rates in Greece As From The Beginning of 2013 – Part I
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 »
Posted in Accounting, Changes in Legislation, Doing Business in Bulgaria, Taxation Tagged Consulting, Corporate Income Tax Act, GDP, income, Personal Income Tax Act, taxation bulgaria, Value Added Tax
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