Filing a tax return based on the work of an unreliable accountant in the past Here is our problem for today. A Bulgarian company has entrusted its accountancy to a person or to a company (we will call it the “bad accountant”) that has acted in bad faith. The badContinue Reading
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.Continue Reading
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. TheContinue Reading
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-paymentContinue 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
Moving your business to the European Union You own a company registered in one of the worlds’ financial centers. As jurisdiction however, the EU looks to you more appealing. And indeed, doing business with an EU company can be a lot easier (and even safer) in many aspects. It isContinue 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
