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 »
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 »
Interim Forecast of the European Commission – the Eurozone Is in a Slight Recession, Bulgaria Ranked 5th for Economic Growth for 2012
The last report of the European Commission on the growth of the EU member states, dated 23th February 2012, provides that despite of the expectations for recession in the Eurozone in general, Bulgaria is expected to demonstrate a steady economic growth and for that reason it is ranked 5th among the countries for economic growth. The European Commission revised entirely its forecast for economic growth of the EU member states… Continue reading »
The last report of the World Bank on Doing Business 2012 indicates that Bulgaria is among the top 50 countries in the world regarding the ease of starting a business and in the top 70 countries regarding the “Paying taxes” index. The output of this report has been formed on the base of thorough research among 183 economies from all around the globe. The indicators used are aimed to analyze… Continue reading »
For defining the place of supply of services it is necessary for the supplier to establish if the customer is a taxable customer or not. There is a difference between… Continue reading »