Tax Deductibility of Expenses in Bulgaria as Part of the Corporate Income Tax

2018-03-20T15:54:50+02:00May 5th, 2011|Accounting, Bulgarian Tax Guide, Consulting, Payroll, Taxation in Bulgaria|

Bulgarian CIT legislation allows tax deductibility of expenses that are supported with proper primary accounting documents (e.g. invoices acceptable in both electronic or hard copy forms). If such documents are not available with the Bulgarian company then the authorities of the National Revenue Agency may refuse tax deductibility of the respective expenses, which may lead [...]