We will continue our previous post about the withholding taxes and application of double tax treaty relief in Bulgaria. If you have missed the first part please read it here first... Fiscal base for the withholding tax in Bulgaria: - for tax assessment of the income from dividends is the [...]
Bulgarian CIT legislation allows tax deductibility of expenses that are supported with proper primary accounting documents (e.g. invoices acceptable in both electronic or hard copy forms). If such documents are not available with the Bulgarian company then the authorities of the National Revenue Agency may refuse tax deductibility of the [...]
Bulgarian CITA provides for a withholding tax of 10% levied on certain types of income paid by Bulgarian companies to foreign persons (e.g. income interests, technical services fees, consultancy fees, rentals, etc). With withholding tax are levied the dividends and liquidation quotas which are distributed by local legal entities in [...]
We will continue our previous post about the tax on expenses in Bulgaria. If you have missed the first part please read it here first... The expenses which are exempt from taxation are: 1) social expenses for contributions and premiums for additional social security and life insurance – up to [...]
Q: Every year, the our company rewards the highest achieving sales employees with a trip outside Bulgaria. Employees spouses and/or partners are able to join this trip and the company pays for all charges incurred whilst the employees are on this vacation. Can you please advise about the correct treatment [...]
