VAT in Bulgaria

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

paying dividends in Bulgaria

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

annual tax declarations Bulgaria

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

Bulgarian seafarer

How are seafarers taxed in Bulgaria In many countries, seafarers enjoy preferential tax treatment, compared to those who work on-shore. Bulgaria is no exception. Since 01.01.2010 the Bulgarian legislation foresees different tax regime to seafarers for their income from employment relations. So let’s dig into the legal details below. WhoContinue Reading

tax liability in Bulgaria

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

VAt tax in Bulgaria

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