The hardest thing in the world to understand is the income tax. Albert Einstein Taxes in Bulgaria – what to do when you get the taxman knocking on your door Everyone knows already that Bulgaria applies the lowest EU tax rate – 10% only. Both companies and individuals pay theContinue Reading
The scammers are striking again. In 2021, we are now witnessing more scammers offering Bulgarian company formation, than ever before. Bulgaria has extremely low tax rate, but it is not an offshore tropical island with shady practicies! The country is fully fledged EU member state for 14 years already andContinue Reading
I believe that banking institutions are more dangerous to our liberties than standing armies. Thomas Jefferson More and more clients are coming to us for assistance, whose bank accounts in Bulgaria have been frozen. It is unfortunate, but we see a clear pattern of more and more accounts being blockedContinue Reading
Bitcoin has gone mainstream. And Bitcoin knows no borders. But are there any particular things to consider when it comes to dealing with BTC in Bulgaria? Spread margins in Bulgaria – way too high Buying and selling BTC through Bulgarian intermediary is expensive, very expensive. At times, the spread betweenContinue Reading
We will take care to process all your accountancy documents (invoices, etc.) and to file on time 100% compliant VAT declarations every month… Euroformat.eu Value Added Tax (aka VAT) is one of the worst understood tax areas, but the one that matters the most. VAT in Bulgaria is 20% andContinue Reading
Distribution of dividends in Bulgaria can be done only once per year. There are however legal options to distribute part of the profit more frequently… Euroformat.eu By law, dividends in Bulgaria are distributed only after the end of the financial year. This is when the shareholder sign the financial reportContinue Reading
We will take care for your all-year-round accountancy. At the end, we will prepare and submit your annual tax returns, so you can be 100% legally compliant… Euroformat.eu Annual returns are due in Bulgaria as follows: March 31st – for companies; April 30th – for private individuals. From 2018, theContinue Reading
Tax compliance and accountancy services with full legal support Many foreign businesses in Bulgaria struggle to find reliable accountant or accountancy company. We know many horror stories of accountants who have ruined foreign businesses in Bulgaria. Don’t become one of those! If you are trying to find the perfect accountancyContinue Reading
The Bulgarian parliament voted new citizenship law that will enable the country to attract fresh investments. In return, the investors will get the opportunity to obtain fast-track EU citizenship. The new investment options that are available for the citizenship candidates are more comprehensive than the Eurobonds – the investment ofContinue Reading
