Winter Holidays in Bulgaria

Dear Clients & Partners, With the below mentioned, we would like to inform you about the non-working days in Bulgaria during the upcoming festive season! Kindly consider that the non-working days in Bulgaria during the winter holidays shall be 23rd, 24th, 25th, 26th , 27th of December and  1st January. The first working day after Christmas will be 28th December 2017 and 2nd of January [...]

October 19th, 2017|Doing Business in Bulgaria|

Secondment or sending of employees to another country for provision of services

Dear Clients and Partners, Herewith, we would like to highlight for you some new rules for a certain type of business trips abroad according to Bulgarian legislation - the so called secondment or sending of factory or office workers for provision of services. Such trip occurs when a Bulgarian employer seconds or sends a factory [...]

Bulgarian Annual Tax Return for 2017, Early Reminder

Dear Clients and Partners, We would kindly like to remind you that companies that are taxed with corporate income tax shall submit an annual tax return of a standard form regarding the tax financial result and the annual corporate tax due. The annual tax return shall be submitted not later than 31 March of the [...]

October 12th, 2017|Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation|

News by the NRA – amendment to tax return needed in case of an error regarding hidden distribution of profits

Dear Clients and Partners, With the below listed, hereby we would like to highlight the latest news distributed by the National Revenue Agency in regards to the declared petty cash availabilities into the Balance sheets of the companies, published their Financial reports for year 2016.  Kindly be aware, that If the amount stated in the financial statement as a [...]

September 25th, 2017|Doing Business in Bulgaria, Taxation|

Holidays in September 2017

Dear Clients & Partners, With the present, we would like to kindly remind you for the forthcoming holidays in September. We celebrate: * The Independence Day on 22nd of September 2017 as public holiday in Bulgaria. Therefore, please be informed that our office will be closed for business on the following date: * 22nd of September [...]

September 18th, 2017|Doing Business in Bulgaria|