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…

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…

Doing business in Bulgaria fully remotely Nowadays, you can almost do everything and track the results online wherever you’re located. This often leads to more operational control and additional time to invest in other initiatives. How about running a business remotely in low tax country within the EU while taking advantage of the EU principles…

Paying corporate tax in Bulgaria. Annual tax statement. According to the Bulgarian Corporate Income Tax Act (CITA) all companies and partnerships carrying out business in the country, are liable to a corporate income tax at a rate of 10%. The tax base for determining the corporate profit tax is the tax that is determined by…