Bulgarian Economy – One of The Most Favorable Economies in The World for Starting a Business According to the World Bank – Part I
Bulgarian economy was ranked 51st among 183 world economies in the last research “Ease of doing business” conducted by the World Bank. The ranking place of each country comes as a result of a calculated index which represents the performance of the countries in nine different areas: starting a business, dealing with construction permits, registering property, getting credit, protecting investors, paying taxes, trading across borders, enforcing contracts and closing a… Continue reading »
Posted in Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Incorporation, Taxation Tagged accounting bulgaria, Accounting Services in Bulgaria, Incorporation, Payroll Services in Bulgaria, tax services bulgaria, Tax Services in Bulgaria, Taxation, taxation bulgaria
Corporate Income Tax Bulgaria /CIT/ – Taxable base for CIT purposes
The taxable income of the Bulgarian company would be subject to Bulgarian CIT of 10% (flat rate) levied on the annual taxable profit of the Bulgarian company for the respective fiscal year. The fiscal end financial year in Bulgarian coincides with the calendar year. The taxable result of the Bulgarian Company would be its annual financial result, determined on the basis of the applicable accounting standards adjusted with certain statutory… Continue reading »
Posted in Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Outsourcing, Taxation Tagged Accounting Services in Bulgaria, Bulgarian Accountancy Act, bulgarian accountant, CIT, Corporate Income Tax Act, tax bulgaria, tax services bulgaria, Taxation, taxation bulgaria
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