New Favourable VAT Refund Opportunities For The Auto Market in Bulgaria
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 »
Posted in Changes in Legislation, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting services bulgaria, Accounting Services in Bulgaria, business in Bulgaria, Consulting, Law, Legislation, Tax Services in Bulgaria, taxation bulgaria, Value Added Tax, VAT
The Crisis Decreases the Number of the Mergers and Acquisitions Market in Central and Eastern Europe
The market of mergers and acquisitions in the countries from Central and East Europe shrank by 40% in 2012.
The main reasons for the registered recession is: the continues debt crisis in the Eurozone, which is a main trade partner in the Region, the political unstable situation in some of the countries and the strict plans for budget economies, implemented from the countries.
During the previous year in the region… Continue reading »
Posted in Incorporation Tagged business in Bulgaria, Consulting, Fiscal Representative, Incorporation, VAT
Bulgaria Is The New Tax Heaven For Greek and Romanian Companies
The latest official statistics announced by the Bulgarian Trade Register claims that Romanian investors are increasingly deciding to register firms in Bulgaria. In 2011 the number of Romanian companies registered in Bulgaria increased by 50% year-on-year. The report adds that the same goes for Greek investors, with the number of Greek companies in Bulgaria increasing by 72% in 2011 year-on-year reaching a total of 3 781.
The main reasons for… Continue reading »
Posted in Doing Business in Bulgaria, Incorporation, Taxation Tagged Incorporation, labor code bulgaria, labor contract bulgaria, Personal Income tax, taxation bulgaria, VAT
Investment Activity In the Manufacturing Sector – Interesting Statistics
The investment business survey, conducted by the National Statistics Institute among manufacturing companies during the second half of March 2012, provided information for the realized by them investments in 2011and also their investment plans for the present year.
In 2011 the expenses for acquiring tangible and intangible fixed assets in the manufacturing sector are with 10.6% less than those in 2010.
The present business research for investment activity demonstrates… Continue reading »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Taxation Tagged Accounting Bulgaria Bookkeeping, business in Bulgaria, CIT, Consulting, income, taxation bulgaria, VAT
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 »
Posted in Bulgarian Tax Guide, Clients Showcase, Consulting, Doing Business in Bulgaria, Incorporation, Taxation Tagged Accounting Services in Bulgaria, Annual Tax Return, bulgarian labor code, bulgarian national bank, business in Bulgaria, Corporate Income Tax Act, GDP, labor code bulgaria, Legislation, Tax Services in Bulgaria, Taxation, taxation bulgaria, Value Added Tax, VAT
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