As of July 1st, new VAT rules enter into force in the European Union, which facilitate the fulfillment of the existing obligations related to the VAT and reduce the administrative burdens for the companies performing cross-border online sales. For online shopping, an electronic portal (electronic one-stop shop…
In Effect on 1 July, 2021 New changes were introduced into national VAT legislation related to the implementation of the provisions of Council Directive (EU) 2017/2455 of 5 December 2017 amending Directive 2006/112 / EC and Directive 2009/132 / EC…
Effective 1st of January 2021 Changes to the Corporate Income Tax Act were published in the Bulgarian State Gazette no. 104/8 December 2020 and no. 107 of 18 December 2020. The changes were in connection to the withdrawal of the United Kingdom of Great Britain and Northern Ireland from…
Certain changes to the Bulgarian Social Security legislation were published in the Bulgarian State Gazette No 103/4.12.2020, that entered into force on the 1st of January 2021. The amendments are summarized below: BGN Minimum amount of the monthly remuneration…
IntroductionThe new Measures against Money Laundering Act (the “MAMLA”) promulgated in the State Gazette, issue 27, dated 27 March 2018, and entered into force on 31 March 2018, partially transpose the provisions of Directive (EU) 2015/849 on the prevention of…
In recent years, Bulgaria has been an increasingly attractive destination for the outsourcing of businesses in numerous industries. As a member of the European Union, Bulgaria has well-developed macroeconomic policies and is considered as one of the most financially stable…
In recent years, Bulgaria has become one of the most attractive destinations for investments. The country is renowned as a center of operations for foreigners’ businesses as a result of numerous reasons such as: Political and business stability Bulgaria enjoys…
[print_link] Germany’s assumption of the Presidency of the EU began on the 10th of July 2020. Along with it came the long-awaited announcement that Bulgaria and Croatia entered the ERM2 exchange rate mechanism and the Banking Union, otherwise called the…
During the last few year, Bulgaria has become the new preferred real estate investment location in the Balkans. On the one hand, this signals that prices of properties in Sofia and in Bulgaria in general are cheaper than the ones…
Bulgaria has introduced law amendments (applicable as of 01 February 2020) which are entirely aligned with the obligations of the Bulgarian state as a member state of the EU to harmonize its local legislation with the latest EU Directives for…