News
Filing reports for legal entities
We remind you that companies which carried out no activity in 2019, or whose annual turnover did not exceed 500 leva, must report this by 31 March 2020 by publishing the corresponding declaration in the Commercial Register.
Small companies will no longer need to file the general meeting minutes with their financial statements
Small and medium-sized enterprises will no longer be required to file the general meeting minutes together with their annual financial statements. Instead, it will be enough to complete a declaration.
Financial results of 2019 in Bulgaria and forecasts for 2020
2019 is drawing to a close. What made it memorable from a financial point of view? And what awaits us in the coming year of 2020?
Changes to Bulgaria's tax legislation
What will the draft annual tax amendments bring? It envisages substantial amendments to the VAT and corporate tax laws, a new declaration under the local taxes and fees law, and the abolition of annual declarations of no activity.
Russians no longer have to report movements on their Bulgarian accounts to the tax authorities
Russian residents holding accounts with Bulgarian banks will be released from the tiresome obligation to report every movement of money on those accounts to the Federal Tax Service.
A new shock for representatives: personal cards being seized
Sofia lawyers have more work than ever, and the administrative courts are swamped with applications. The policy against migrants is becoming even tougher, and representatives struck off a trade representative office are now being stripped of their residence permits.
Decree No. 88. Life for foreigners will never be the same…
On 23 апреля 2019, the Act Amending and Supplementing the Foreigners in the Republic of Bulgaria Act was officially published in «Държавен вестник» under Decree No. 88 of the President of Bulgaria.
Opening accounts for foreigners. What is going on?
Recently, opening an account with Bulgarian banks has become a problem for many foreigners. What is behind this, and what can be done to remedy the situation?
ATTENTION! Declaration of beneficial owners: who must file it, when and how?
By 31 May, many Bulgarian legal entities and organisations operating without the status of a legal entity are required to file declarations of beneficial owners. Who does this requirement apply to, and what happens if it is ignored?