The Bulgarian company registered under VAT is obliged to file with the authorities from the National Revenue Agency monthly VAT returns (together with purchase and sales ledgers), no matter if the Bulgarian company has executed any purchases or sales during a particular reporting period (the reporting period coincides with the calendar month).
Upon performing an intra-community supply or acquisition /transactions with registered under VAT EU companies/ in a respective… Continue reading »
The tax, which the employer is obliged to deduct at the advance and annual levying of income from labour relations is to be paid before the 10th day of the month succeeding the month when the tax has been deducted. Employers periodically present information to the National Revenue Agency on the income paid by them under employment relations and on the tax deducted on the said income. The Minister of… Continue reading »
The taxable income from employment relations comprises of the labour remuneration and all other payments in cash and/or in kind by an employer or at the expense of an employer, with the exception of income designated in the legislation as non-taxable.
The advance tax on income from employment relations is assessed monthly by the employer on the basis of the monthly tax base. The monthly tax base is assessed… Continue reading »
Generally, any supplier (a taxable person, registered for VAT purposes) has to issue an invoice for each effected supply. The stamp and the signature are not obligatory, provided that the invoice contains certain wording. Furthermore, the issuance of invoice is not obligatory in case when the recipient is a non-taxable individual or in case of free of charge supplies.
Invoices can be issued also electronically, subject to specific requirements… Continue reading »
Not later than January 1st of the next tax year, the employer calculates the annual tax base for the income from employment relations, deducting the yearly amount of tax relief, and assesses the annual amount of the tax when by December 31st of the tax year the employer is an employer under the principal employment relationship of the worker or employee.
The annual amounts of the following items are… Continue reading »