Important Information for Tax legislation in Bulgaria:

1. Rate of tax – The rate of corporation tax shall be 10 percent.
   Dividend tax – 5 percent.
   Taxable Amount – The taxable amount for assessment of the corporation tax shall be the tax profit.
   Tax Period – The tax period for assessment of the corporation tax shall be the calendar year. In respect of any newly incorporated taxable persons, the tax period shall cover the period from the date of incorporation thereof until the end of the year.
   https://www.minfin.bg/bg/page/770
2. Annual closing of accounts of legal entities – companies from 01 January to 31 December. Adjustments to the annual tax return by 31 March next year at the National Revenue Agency and the National Statistical Institute.
3. Monthly Reports declarations VAT and Intrastat (VIES). Submitted to the 14th day of the following month.
4. Reports declarations to National Social Security Institute (NSSI) upon every quarter.
5. Reports to the National Social Security Institute (NSSI)- Contribution monthly to 25 of the next month.
6. Reports of loans from foreign entities to Bulgarian National Bank quarterly and annually.
7. Annual closing of accounts of Individuals from 01 January to 31 December. Adjustments to the annual tax return by April 30 next year at the National Revenue Agency.
8. Annual closing of accounts of self-employed Individuals from 01 January to 31 December. Adjustments to the annual tax return to April 30 next year at the National Revenue Agency.
9. Reports to the National Revenue Agency (NRA) of paid personal income (rent from property commissions and others) quarterly and annually.

Tax Protection:

• Preparation of tax audit documents
• Tax Protection
• Carrying out the audit outside of the client’s office
• Appeals against acts, issued by the supervisory authorities

Preparation / of documents for banks, leasing companies and financing programmes of the European Union

• Preparation of accounting reports, business plans and economic justifications, needed for the applying for programmes
• Preparation of certificates
• Current status of a company
• Copy of a court decision
• Certificate about the absence of insolvency proceedings
• Certificate about the absence of a process of liquidation
• Certificate about the absence of enforcement proceedings
• Certificates from the National Revenue Agency (NRA)
• Registration, revocation and issuing of certificates from the Central
• Pledge Registry

Internet Banking

• Filling in of payment orders to the budget
• Filling in of payment orders to contracting parties
• Filling in of payment orders to the budget and to contracting parties
• Money Management

Consultation

• Accounting legislation
• Tax legislation
• Optimizing of tax obligations
• Labour and social security legislation
• Establishment of an accounting team on place
• Automation of internal book-keeping
• Internal audit
• Monitoring of internal accounting
• Assistance in the selection and implementation of operational accounting personnel

Document Processing

• Full range of accounting services
• Processing, based on analysis chosen by the client
• Preparation and submission of declarations under the Value Added
• Tax Act (VATA), Corporate Income Tax Act (CITL), Local Taxes and
• Fees Act (LTFA) and Personal Income Taxes Act (PITA).
• Preparation of journals under the Value Added Tax Act (VATA)
• Remote processing
• Solutions for work with companies throughout the country
• Preparation of a tax depreciation plan

Repntreseation

• At audits by the National Revenue Agency (NRA)
• At audits by the General Labour Inspectorate
• At inspection by the Consumer Protection Committee
• Before the National Revenue Agency (NRA) for the filing of information, for the conduct of cross-examination, filing of Notifications under Article 62 (4) of the Labour Code, registration of electronic cash register with fiscal memory (ECRFM) , filing of declarations according to form 1 and 6, as well as declaration under the Corporate Income Taxes Act (CITA) and the Personal Income Taxes Law (PITA).
• Before the National Registry Agency (NRA) when receiving an Statement of Engagement for Audit Assignment, Statement of Administrative Infringements
• Before the Bulgarian National Bank (BNB) with regard to the obligations for filing of information, according to the Currency Act.
• Before the National Statistical Institute for the provision of current and annual information
• Before the Municipal Administration for the declaration of acquired and sold motor vehicles and properties

Registration of Associations and Companies

• Sole Trader ST
• Single Member Limited Liability Company SMLLC
• Limited Liability Company LLC
• Joint-Stock Company JSC
• Single Member Joint-Stock Company SMJSC
• Profit or Non-Profit Associations
• Other associations implementation of commercial and non-commercial activities

* – Legal registration, Registration Agency, Financial Intelligence Unit, Labour Inspectorate, under the Personal Data Protection Act, Bulgarian Chamber of Commerce and Industry, Registration of fiscal device, Registration under the Value Added Tax Act (VATA), Registration under the Excise Duties and Tax Warehouses Act (EDTWA)

* – Decisions for the registration of Associations take up from 1 to 8 working days.

Storage Facilities Management

• Deployment of storage system
• Organizing the process of accounting for inventories in sales outlets (shops, warehouses, offices, production workshops)
• Organizing the above process outside the company / in the accounting firm

References

• Preparation of statistics references
• Preparation of references for the Bulgarian National Bank
• Preparation of Income/Expenses references
• Preparation of assigned by the customer references
• Preparation of accounts, according to the National Accounting
• Standards (NAS) and the International Accounting Standards (IAS)

Labour Remuneration and Personnel

• Preparation of labour contracts and announcement in the National Revenue Agency (NRA)
• Preparation of additional agreements for amendment of employment contracts and declaration at the National Revenue Agency (NRA)
• Preparation of orders for the termination of employment contracts and declaration at the National Revenue Agency (NRA)
• Drawing-up of work books
• Certificates as required by the Personal Income Taxes Act and the Law for Social Support (PITA, LSS)
• Income certificates Application for Pension and Supplement (UP-1), Insurable Earnings Certificate (UP-2), Retirement Pension Rights Certificate (UP-3)
• Reference Declaration for the Bulgarian National Employment Agency
• Preparation of payment orders for the State Social Insurance (SSI), under the Health Care Insurance Act (HCIA), for General Income Tax (GIT) and Supplementary Compulsory Pension Insurance (SCPI), net sums for wages preparation of pay-rolls and salary slips
• Calculation of used and due sick leave and leaves of absence
• Tracking of used and due paid annual leave of absence
• Audits by the National Revenue Agency (NRA) with reference State Social Insurance (SSI), the Health Care Insurance Act (HCIA) and Supplementary Compulsory Pension Insurance (SCPI)
• Preparation of civil contracts

Legal Services by Specialized Lawyers

• Verbal and written consultation on legal questions. Preparation of observations and delivering of opinions.
• Preparation of all kinds of documents: claims, litigations, applications, appeals, invitations and notifications;
• Representation before the judicial authorities, the administrative authorities and bodies, as well as before natural and legal persons. The representation is conducted on the basis of a written power of attorney, which may be revoked at any time.
• Protection of the interests, rights and legitimate interests of the clients