In Bulgaria, entertainment and protocol expenses or similar expenses are taxed Entertainment, protocol or similar expenses shall mean the following: Gifts, restaurants etc.; Expenses related to the use of company cars for personal needs. It should be kept in mind that the expenses ...
Bulgarian companies subject to VAT must file a VAT return each month. This declaration must be filed no later than the 14th of the month following the period under consideration and the corresponding VAT payment must be made simultaneously at the filing of the return. A Bulgarian company filing ...
Bulgarian companies have a low tax rate: they pay 10% tax earnings (or corporate tax). This 10% rate is the lowest corporate tax rate among EU countries. Companies whose taxable earnings for a year is less than 300,000 leva (approximately EUR 150,000) do not have to pay a tax down payment (tax ...
Under current Bulgarian law, tax losses can be carried forward over the 5 years following the year in which the losses were born.Bulgaria's tax legislation, however, does not recognize the possibility of carrying losses backward.
Bulgaria joined the European Union in 2007 and since its accession the corporate tax rate is 10%, the lowest in the entire European Union! However, this has not always been the case. Indeed, the corporate tax rate in 2000 amounted to 32.5% and suffered a very sharp decline to be today at ...
April 2023, publication of the new edition of the Précis de Droit Comptable, by Denis Colin, manager of the Fiduciaire LPG
