Goods purchased and/or services received by the Bulgarian company from local suppliers would be generally subject to 20% VAT chargable by the suppliers. The invoices issued to the Bulgarian company from the Bulgarian suppliers have to be reported in the purchase ledger and VAT return of the Bulgarian company for [...]
Through Fiscal representative might be registered: - Foreign person, which DOES NOT have a permanent unit on the territory of Bulgaria, whereby to execute economic activity. The foreign person shall meet the conditions of VAT Act for compulsory or voluntary registration. The branches of foreign companies are not included here [...]
Believе or not, but in Bulgaria there are very well qualified and solid experienced companies that provide unbeatable accounting services to foreign investors, comparative only with the services provided by the Big 4 . Of course, like elsewhere, also in Bulgaria there is a chance to fall among unprofessional, but [...]
1. Changes arisen from the requirements of the DIRECTIVE 2009/162/EU: - Amendments have been done concerning the tax rules for supply of gas, electricity, heating or cooling; - The supply of gas through a gas located in the EU or any network connected to such a system, the supply of [...]
Promulgated, State Gazette - No. 94/30.11.2010, effective 1.01.2011 PART ONE GENERAL DISPOSITIONS Purpose of Act Article 1. This Act regulates the levy of value added tax (VAT). Subject to Taxation Article 2. The following shall be subject to value added tax: 1. each taxable supply of goods or services effected [...]
