Doing Business in Bulgaria

This section of our blog is dedicated towards giving the best possible tip’s for foreign investors in Bulgaria.

April 2018

Easter Holidays in April 2018

2019-03-11T18:46:18+02:00April 4th, 2018|Accounting, Consulting, Doing Business in Bulgaria|

Dear Clients & Partners, With the present, we would like to kindly remind you for the forthcoming holidays in April 2018. We celebrate: * Easter from 6th to 9th of April including as public holidays in Bulgaria. Therefore, please be informed that our office will be closed for business on the [...]

November 2017

October 2017

Country-by-Country Reporting in Bulgaria – welcome to the Era of transparency in reporting

2017-11-28T06:53:56+02:00October 26th, 2017|Accounting, Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Taxation|

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 to tax planning strategies used [...]

Important: From January 2018, the CIT declarations in Bulgaria shall be submitted only online via electronic signature

2017-10-25T12:31:51+02:00October 23rd, 2017|Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Taxation|

Dear Clients and Partners, 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 via [...]

Winter Holidays in Bulgaria

2017-10-25T12:00:14+02:00October 19th, 2017|Doing Business 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 December and  1st January, of which:  24th, 25th, 26th December and 1st [...]