We often receive questions from non-Bulgarian clients regarding their personal tax status (liability) in Bulgaria. Below is our legal analysis on the matter. Good Day,My name is Steven. Me and my wife are considering moving to Bulgaria and would like to ask few question regarding potential income tax liability. IContinue Reading
The end of the “offshore subsidiaries”. Or not quite? If the State Agency for National Security determines that there may be a risk for money laundering or financing of terrorism, it may prevent the registration of subsidiaries and representative offices of companies that do not apply the latest EU antiContinue Reading
Am I ready to start business relations? Upon registration of a company, the Company receives the UIC (Unified Identification Code). Through it, any interested person can see public data about the newly established Company, which are published in the Commercial Register of the Republic of Bulgaria (full name, address ofContinue Reading
The nature of VAT Value added tax, or VAT (MwSt, BTW, etc.) is one of the least understood tax in the corporate world. In fact this is the tax that we all pay – no matter where we live or how much we earn. If you think that you areContinue Reading
The VAT tax regime is one of the least known fields to the businesses in Bulgaria. Value added tax payments constitute the largest portion of all taxes in Bulgaria and the relevant tax codes should be applied correctly. The Bulgarian “Law for the VAT” (aka ZDDS) The Bulgarian law forContinue Reading
