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
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 whoContinue 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
This might as well be an appropriate headline for a dog food commercial or a slogan for an animal shelter. In our case it is regarding an issue, that has a much bigger magnitude and concerns every EU citizen. After 2020, the year of change and surprises, closed us andContinue 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
