How to Reduce our Taxes With up to 65%?
Taxable base can be reduced with up to 65% through donations, if certain conditions are met. Because the incomes of individuals in Bulgaria are taxed with a flat rate of 10%, the due tax can be decreased with up to 65% as well in a case of a donation.
With this regard the National Revenue Agency and the Bulgarian Donative Forum have organized together a joint campaign for donations… Continue reading »
Posted in Bulgarian Tax Guide, Questions & Answers, Taxation Tagged Personal Income tax, Personal Income Tax Act, Tax, Tax Services, Tax Services in Bulgaria, Taxation, taxation bulgaria
Annual Reporting and Taxation of Income Received by Individuals in 2012 – Part II
Exceptions:
An annual declaration should not be submitted in the following cases:
- When the citizen within the last year has only received income derived from a labour contract and as of 31st of December 2012 had an employer, who has calculated the annual amount of the due tax and has deducted it until the 31st of January 2013;
- If the received in the last year incomes
Posted in Bulgarian Tax Guide, Taxation Tagged Personal Income tax, Tax, Tax Services in Bulgaria, Taxation, taxation bulgaria
Annual Reporting and Taxation of Income Received by Individuals in 2012 – Part I
The deadline for annual taxation and declaring of income received in 2012, according to the provisions of the Personal Income Tax Act (PITA), is approaching – 30th of April 2013. By this date the due tax needs to be transferred to the National Revenue Agency bank account.
Subject to tax on the common annual tax base is the income of individuals received from:
- employment relations;
Posted in Bulgarian Tax Guide, Taxation Tagged Personal Income tax, Tax, Tax Services in Bulgaria, Taxation, taxation bulgaria
Obligations of an Employer According to the Bulgarian Insurance and Tax Legislation When Sending a Hired Person On a Business Trip From a EU Member State to Bulgaria
The case:
The questions cаme from an organization, which is a part of an international concern, established from companies which are separate legal entities. For the purpose of exporting the German production in Bulgaria, an Italian citizen with a form A1 has been sent to the Bulgarian company, who has an active labor contract with one of the concern companies in Germany. Your company signed a tripartite contract with the
Posted in Clients Showcase Tagged income, labor code bulgaria, labor contract bulgaria, Labour Code Bulgaria, Outsourcing, Payroll Bulgaria, payroll services bulgaria, Payroll Services in Bulgaria, Personal Income tax, Personal Income Tax Act, Tax Services in Bulgaria, taxation bulgaria
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
Bulgaria ›› 1303 Sofia ›› 46-48' Opalchenska Street ›› Floor 7 ››
Tel.: +359 2 920 17 73, +359 888 886 550 ›› 
›› Email: office@sb-bg.com
Client Login