VAT Registration of Foreign companies in Bulgaria (EU and Non-EU). As many international companies started their activity in Bulgaria, the country became very attractive for investors from whole Europe. What companies often underestimate or even forget is that doing business in other countries often creates an obligation for VAT registration either in their own country…

Tax highlights in Bulgaria Bulgaria offers one of the best taxation systems within EU. The country as a member of the European Union applies a worldwide income tax system and residents are taxable on their worldwide income. Bulgarian companies are subject to a flat tax rate of 10% and the taxable profit is the annual financial…

Value Added Tax – VAT compliance and rates in Bulgaria   According to the Bulgarian law, every person who is registered under Bulgarian Value Added Tax Act (VATA) is obliged to charge the value added tax. Moreover, this person should issue a tax document (invoice) and indicate the said document in the purchase day book…

Registration of foundation in Bulgaria Foundation under the Bulgarian law is a legal entity which has been established for the pursuit of public benefit activities or activities for private benefit but in any case, it is a non-profit structure. Foundations shall be established in the lifetime or in the event of death by unilateral articles…

Benefits provided by the Bulgarian Investment Promotion act Benefits provided by the Investment Promotion act and in particular investing in Bulgaria are fully listed in the IPA. Here you can check what is the tax rate in Bulgaria and of course what are the requirements of the Investment Promotion act. Companies whose projects have been…

Investments in Bulgaria. Investment Promotion act Bulgaria has macroeconomic and financial stability and most favorable EU taxes – only 10% tax on corporate and personal income, and a dividend tax of only 5%. Investments in Bulgaria are governed by the Investment Promotion Act (referred below as “IPA”) and the regulations on its application. As the…