(continuing from Nature and Types of Transfer Pricing – Part I) When making inter-company deliveries at market prices, all of the divisions can realize profit. The amount of the profit is a true indicator for the effectiveness of their activity. The market price is a criterion for the profitability of [...]
Taxable base can be reduced with up to 65% through donations, if certain conditions are met. Because the incomes of individuals in Bulgaria are taxed with a flat rate of 10%, the due tax can be decreased with up to 65% as well in a case of a donation. With [...]
The due tax on sale of property depends on different factors. It is taken into account when the property is acquired and on what grounds (a sale, a donation etc.). The tax amount depends on the type of the property (apartment, land), if the person has sold other properties during [...]
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 [...]
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 [...]
