Virtually all taxes that your Bulgarian LTD owes to the National Revenue Agency may be now passed on to you, as shareholder or director. We use the term “may” as this possibility was enacted in the law during the second part of 2017. From 2020 however, we would rather useContinue Reading
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
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 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
What to look for when applying to open bank account for new Company in Bulgaria Company formation in Bulgaria was a straightforward procedure until the end of 2018. One could register new LTD (OOD) effortlessly and could sequentially start trading immediately. Not the case anymore. And no, don’t get meContinue Reading
