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…

Transportation license in Bulgaria. Bulgarian law offers one of the most liberal procedures for obtaining cargo and passenger transport license. The authority that issues the licenses is Executive Agency “Automobile Administration”. The benefits of getting a Bulgarian cargo or passenger transport license is that it is issued relatively quick (within 15-20 days). Once you register…

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…