The investment business survey, conducted by the National Statistics Institute among manufacturing companies during the second half of March 2012, provided information for the realized by them investments in 2011and also their investment plans for the present year. In 2011 the expenses for acquiring tangible and intangible fixed assets in [...]
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 [...]
The taxable income of the Bulgarian company would be subject to Bulgarian CIT of 10% (flat rate) levied on the annual taxable profit of the Bulgarian company for the respective fiscal year. The fiscal end financial year in Bulgarian coincides with the calendar year. The taxable result of the Bulgarian [...]
Believе or not, but in Bulgaria there are very well qualified and solid experienced companies that provide unbeatable accounting services to foreign investors, comparative only with the services provided by the Big 4 . Of course, like elsewhere, also in Bulgaria there is a chance to fall among unprofessional, but [...]
1. Correction of errors: Corrections of errors related to tax depreciable assets and errors in the transformation of the accounting financial result: • Equalization of the tax treatment of these errors with the general procedure to correct accounting errors, namely tax financial results for the past years are adjusted in [...]
