Clients Showcase

Clients Showcase

July 2016

New Requirements for Companies Which Are Subject to Statutory Independent Audit

2018-03-20T15:54:45+02:00July 5th, 2016|Accounting, Changes in Legislation, Clients Showcase|

As of 2016, there has been changes in the quantitative criteria regarding the statutory financial audit. These changes shall be applicable for the publishing of the financial statements for year 2016 and they are as follows:   Audit requirements Old legislation New legislation Balance value of assets 1 500 000 BGN 2 000 000 [...]

May 2016

May 2013

Nature and Types of Transfer Pricing – Part II

2018-03-20T15:54:45+02:00May 22nd, 2013|Accounting, Clients Showcase, Consulting, Questions & Answers|

(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 the whole chain of inter-company [...]

Nature and Types of Transfer Pricing – Part I

2018-03-20T15:54:45+02:00May 20th, 2013|Accounting, Clients Showcase, Consulting, Questions & Answers|

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 market principles whereas through the [...]

March 2013

Registration of a Trade Representation Office of a Foreign Person

2018-03-20T15:54:46+02:00March 11th, 2013|Clients Showcase, Doing Business in Bulgaria|

The trade representation office of a foreign person is not a legal entity. This person can`t exercise business activity on his own. Transactions concluded through it are always on behalf of the foreign person. When these deals are concluded with local people for the needs of the trade representation office, they should follow the procedure [...]