Annual Tax Return

September 2017

News by the NRA – amendment to tax return needed in case of an error regarding hidden distribution of profits

2018-03-20T15:54:45+02:00September 25th, 2017|Doing Business in Bulgaria, Taxation in Bulgaria|

Dear Clients and Partners, 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 a [...]

February 2016

Important changes in labour and tax legislation 2016

2018-03-20T15:54:45+02:00February 3rd, 2016|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

Dear clients and partners, As from 1st of January 2016, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we have [...]

February 2012

Interim Forecast of the European Commission – the Eurozone Is in a Slight Recession, Bulgaria Ranked 5th for Economic Growth for 2012

2018-03-20T15:54:46+02:00February 24th, 2012|Bulgarian Tax Guide, Clients Showcase, Consulting, Doing Business in Bulgaria, Incorporation in Bulgaria, Taxation in Bulgaria|

The last report of the European Commission on the growth of the EU member states, dated 23th February 2012, provides that despite of the expectations for recession in the Eurozone in general, Bulgaria is expected to demonstrate a steady economic growth and for that reason it is ranked 5th among the countries for economic growth. [...]

January 2012

Year-End Closure and Publishing the Financial Statements for 2011

2012-01-26T10:24:39+02:00January 26th, 2012|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

It is the beginning of the year and according the Chapter 5 from the Accounting Law every single Bulgarian company is obliged to complete the year end closure and to prepare and publish its financial statements. The deadlines for the above mentioned obligations are the following: - for the submission of the Annual Tax Returns [...]

November 2011

Residence Permits for EU Member States’ Citizens On the Territory of Republic of Bulgaria

2011-11-29T14:17:29+02:00November 29th, 2011|Bulgarian Laws in English, Clients Showcase, Consulting, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

The regime for residence of EU member states citizens and their families on the territory of Republic of Bulgaria is defined with the Law for entering, residence and leaving the territory of Republic of Bulgaria by citizens of the EU and the members of their families. An EU citizen is permitted to reside in Bulgaria [...]