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 [...]
What is automatic exchange of financial accounts information? To promote global fighting with the cross-border fraud in the field of taxation and prevent tax evasion, the Organization for Economic Cooperation and Development (OECD) has established the Common Reporting Standard (CRS) for automatic exchange of financial account information. The Standard provides [...]
The deadline for submission of the financial statements for 2015 is 30th of June 2016. It is important to be noted, that this obligations is concerning all Bulgarian companies, including the dormant ones. The Trade Register will report to the National Revenue Agency for companies which didn’t publish their financial [...]
(continuing from Nature and Types of Transfer Pricing – Part I) When making inter-company deliveries at market prices, all of the divisions can realize profit. The amount of the profit is a true indicator for the effectiveness of their activity. The market price is a criterion for the profitability of [...]
Transfer pricing is a practice which is usually connected to international operations. It’s related to non-market approach in defining prices of products and services, which are being delivered from one division of the organisation to another. Despite of the administrative pricing, the operations can be conducted on the basis of [...]
