Filing a tax return based on the work of an unreliable accountant in the past Here is our problem for today. A Bulgarian company has entrusted its accountancy to a person or to a company (we will call it the “bad accountant”) that has acted in bad faith. The badContinue Reading
Or why you should be careful, really careful of who you assign to be your liquidator In Bulgaria, when the owner of a company decides to dissolve it, a special liquidation procedure must be initiated. This is the same in most EU jurisdiction by the way. At the start ofContinue Reading
EU citizenship – nothing compares to you Passports come in all forms and shapes. There are many passport rankings, trying to determine which are the “strongest” passports in the world. All these rankings however only take into consideration the number of countries one can visit visa-free. The passport of SingaporeContinue Reading
Or why you should NOT trust an “international lawyer/consultant” in Bulgaria DISCLAIMER: The story, all names, characters, and incidents portrayed in this article are fictitious. No identification with actual persons (living or deceased), places, buildings, and products is intended or should be inferred. This is a story that once againContinue Reading
Receiving dividends in Bulgaria by a Greek tax resident There is so much common history between Bulgaria and Greece, dating back to the 7th century AD. Nowadays Bulgarians are visiting the Greek beaches more than their own and Northern Greece’s tourist industry is now mainly dependent on Bulgarian tourist’s money.Continue Reading
Crossing the Bulgarian border when travelling to/from another EU country with more than 10 000 EUR in cash Which corridor (green or red) do we go through after the changes in the Bulgarian Currency Law of 2023? Today, we will discuss a case that is likely to create serious problemsContinue Reading
Is it possible for a foreigner to open bank account in Bulgaria in 2023? During the past few years ,we have been reporting many problems with opening of bank accounts for foreigners in Bulgaria. In many cases, foreign bank accounts in Bulgaria have been even frozen, to the horror ofContinue Reading
The NEXO scandal brings bad news for the “regular tax dodgers” The people in Bulgaria are very well aware of the scandal that unveiled in recent weeks with the crypto platform Nexo. For those who are not aware of what happened though, as reported by Reuters, four Bulgarian nationals haveContinue Reading
Does a Bulgarian company need to invoice and pay VAT when it is providing services to a company registered in Switzerland? Many of our clients are providing service to Swiss companies. And they are often confused as to whether they should invoice VAT (value added tax) to these services. TheContinue Reading
