Restrictions of cash payments in Bulgaria

2018-03-20T15:54:51+02:00April 12th, 2011|Accounting, Consulting, Questions & Answers, Taxation in Bulgaria|

By the adoption of the Limitation on Cash Payments Act (the „LCPA”), promulgated in the State Gazette, issue 16 of 26 February 2011, it is aimed to limit the so called „grey sector” in the national economy. In the reasoning of the Bill on Limitation of Cash Payments, the Council of Ministers, which has proposed [...]