Generally, any supplier (a taxable person, registered for VAT purposes) has to issue an invoice for each effected supply. The stamp and the signature are not obligatory, provided that the invoice contains certain wording. Furthermore, the issuance of invoice is not obligatory in case when the recipient is a non-taxable [...]
Not later than January 1st of the next tax year, the employer calculates the annual tax base for the income from employment relations, deducting the yearly amount of tax relief, and assesses the annual amount of the tax when by December 31st of the tax year the employer is an [...]
The statutory deadline in compliance with CITA for filing the annual corporate income tax return with the Bulgarian National Revenue Agency is March 31st of the following year. The annual corporate income tax return should be accompanied by the annual financial statements of the Bulgarian company and if necessary by [...]
Bulgarian tax legislation provides thin capitalization rules, which may restrict the tax deductibility of interest expenses if debt to equity ratio of a company for a particular tax period exceeds three to one. The restricted interest costs may be carried forward and utilized against the taxable profit of the company [...]
As of January 1st, 2007 the Bulgarian VATA and RAVATA have established new rules concerning invoices. In general, these requirements comply with the EU Invoicing Directive where some additional requisites are provided for the Bulgarian legislation. Invoices may be issued on a paper or submitted electronically. Invoices received electronically shall [...]
