Corporate Income Tax Act in Bulgaria

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 [...]

March 2013

February 2013

The European Bank for Recovery and Development Increased Its Positive Expectations For Economic Growth in Bulgaria to 1.9%

2018-03-20T15:54:46+02:00February 1st, 2013|Bulgarian Tax Guide|

The European Bank for Recovery and Development (EBRD) expects an increase of the GDP rate with 1.9%. During the previous year the institution was expecting the growth to reach 1.7%. The financial institution emphasizes that the fiscal position of the country remains stable with low deficit. It is also pointed that because of the successful [...]

January 2013

New Tax Rates in Greece As From The Beginning of 2013 – Part II

2018-03-20T15:54:46+02:00January 22nd, 2013|Changes in Legislation, Consulting, Doing Business in Bulgaria, Taxation in Bulgaria|

Continuing from New Tax Rates in Greece As From The Beginning of 2013 – Part I The law decreases the number of tax categories from eight to three and imposes 42% rate of the incomes over 42 thousand Euro annually. Up to now incomes over 60 thousand euro annually were taxed with 40%, incomes over [...]