The trade representation office of a foreign person is not a legal entity. This person can`t exercise business activity on his own. Transactions concluded through it are always on behalf of the foreign person. When these deals are concluded with local people for the needs of the trade representation office, [...]
With the changes in legislation a lot of favourable conditions are back for getting a VAT refund when acquiring or renting company’s cars. Some changes in the legislation provide greater opportunities for companies to deduct VAT. Companies could use tax credit in the following cases: when they use an operating [...]
As from 1st of January 2013, a new requirement came into force for a separate garbage collection from all trading organizations, industrial, farm and administrative buildings at the territory of the Republic of Bulgaria. According to the new requirement, the following listed wastes should be collected separately: - Paper and [...]
The National Registry Agency in Bulgaria has announced that there has been a tremendous increase into the number of Greek investors who register companies and move their entire businesses in Bulgaria. This statistics was officially presented yesterday, on 4th of July, on the biggest National Television channel BTV. The numbers [...]
EXCHANGE CONTROL Transactions and payments between local and foreign persons can be made freely according to Bulgarian legislation. Direct investments made by Bulgarian residents in foreign countries, as well as given credits between local and foreign persons, need to be declared to the Bulgarian National Bank (BNB). Residents are required [...]
