BG version As of 01.01.2024 there is a change in the scope of income that needs to be part of the report under Art. 73, para. 6 of the Personal Income Tax Act (PITA). With this report employers are obliged to declare the taxable income [...]
Hereby, we would like to highlight the following changes drafted by the Parliament into the social security contributions foreseen to be in force from 2018: Pension fund to be increased with 1 %, currently 18.8% to 19.8% for people born before 1 January 1960 and from 13.8% to [...]
On 31th of October 2017, the Executive Director of the NRA with an official Order has set clear rules on Country-by-Country Reporting for companies belonging to multinational groups of companies. What is Country-by-Country Reporting: Country-by-Country Reporting (CbCR) is more than just another compliance burden. The CbCR therefore refers [...]
A major change has been implemented by the Bulgarian Tax Authorities and it is in respect to the online submission of the Annual tax returns for all companies under the CIT Law. Starting from 1st of January 2018, all legal entities should submit their Annual tax returns for 2017, ONLY [...]
