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 again
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.
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. The
The decisions of the Supreme Court, the importance of “intention” and “knowledge” and why a professional tax audit is a must… Negligence by many foreigners about their tax responsibilities in Bulgaria Foreigners doing business in Bulgaria often underestimate the consequences of fiscal non-compliance. Many tend to believe that eventual non-payment
Tax evasion in Bulgaria and criminal responsibility Bulgaria enjoys the lowest EU flat tax rate of only 10%. But as is often the case, the coin has two sides. The dark side of the Bulgarian legislation is the ultra low level of tax evasion that triggers criminal responsibility. Anyone who
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 report