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 »
Foreign people will have the opportunity to receive a permanent residency in case they have made an investment not less than 500 000 BGN in the capital of Bulgarian trade representation office and open not less than 10 work places for Bulgarians. As far as economically disadvantaged areas with high unemployment are concerned, the threshold of required investment drops to 250 000 BGN with opening of at least 5 work places… Continue reading »
The trade representation office of a foreign person is not a legal entity. This person can`t exercise business activity on his own. Transactions concluded through it are always on behalf of the foreign person. When these deals are concluded with local people for the needs of the trade representation office, they should follow the procedure for transactions between residents. The trade representation office should be registered in the united register… Continue reading »
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 »
As from 1st of January 2013, a new requirement came into force for a separate garbage collection from all trading organizations, industrial, farm and administrative buildings at the territory of the Republic of Bulgaria.
According to the new requirement, the following listed wastes should be collected separately:
- Paper and cardboard
First of all, the order and the conditions for the organization… Continue reading »