Personal Income tax

February 2016

Important changes in labour and tax legislation 2016

2018-03-20T15:54:45+02:00February 3rd, 2016|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

Dear clients and partners, As from 1st of January 2016, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we have [...]

April 2013

Annual Reporting and Taxation of Income Received by Individuals in 2012 – Part II

2018-03-20T15:54:45+02:00April 10th, 2013|Bulgarian Tax Guide, Taxation in Bulgaria|

Exceptions: An annual declaration should not be submitted in the following cases: When the citizen within the last year has only received income derived from a labour contract and as of 31st of  December 2012 had an employer, who has calculated the annual amount of the due tax and has deducted it until the 31st [...]

Annual Reporting and Taxation of Income Received by Individuals in 2012 – Part I

2018-03-20T15:54:45+02:00April 9th, 2013|Bulgarian Tax Guide, Taxation in Bulgaria|

The deadline for annual taxation and declaring of income received in 2012, according to the provisions of the Personal Income Tax Act (PITA), is approaching – 30th of April 2013. By this date the due tax needs to be transferred to the National Revenue Agency bank account. Subject to tax on the common annual tax [...]

February 2013

Obligations of an Employer According to the Bulgarian Insurance and Tax Legislation When Sending a Hired Person On a Business Trip From a EU Member State to Bulgaria

2018-03-20T15:54:46+02:00February 12th, 2013|Clients Showcase|

The case: The questions cаme from an organization, which is a part of an international concern, established from companies which are separate legal entities. For the purpose of exporting the German production in Bulgaria, an Italian citizen with a form A1 has been sent to the Bulgarian company, who has an active labor contract with [...]