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Bulgaria

The EU Recovery Plan Effects For Bulgaria

Startup visas incentives for digital nomads and more scale-up companies included in the recovery plan of EU  Introduction of a clear procedure for startup visas, incentives for Bulgaria to become a destination for digital nomadism, more ” scale-up companies ” –…

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Bulgaria

Bulgaria: Vat rate reduction for certain sectors

As of July 1, 2020, with a change in the Value Added Tax Act (VAT), the introduction of a temporary differentiated VAT rate was adopted for some sectors that are most affected by the economic crisis in connection with COVID-19….

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Bulgaria

Bulgaria: New Rules for E-commerce & VAT

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…

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Bulgaria

Bulgaria amends VAT legislation; changes affect a wide range of sectors

The VAT rate in Bulgaria has remained unchanged at 20% for many consecutive years. Recently,  there has been a lot of debates on the future possibility of amending the VAT rate for certain food products as well as medicines and…

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