Today we’ll explain how OSS (One Stop Shop) quarterly reporting works for Bulgarian companies selling goods or digital services across the EU. 💼 What is OSS? OSS (One Stop Shop) is a special VAT scheme that allows Bulgarian companies to declare and pay VAT on all cross-border B2C sales within the EU through a single return … Read more
How to Successfully Transfer Your Business to Bulgaria Moving your existing Business to Bulgaria can open valuable doors for growth, stability, and access to the European market. The transition requires clear planning, reliable guidance, and knowledge of the local regulations. In this expanded guide, prepared with insights from T&G Consulting 🙂, you will find practical … Read more
How to Deal with the Bulgarian Language Barrier – Documents, Translations, and Local Representation Whether you are an entrepreneur starting a business or an expat settling into daily life, facing the Bulgarian language barrier can feel overwhelming. However, understanding how to navigate through official paperwork, translations, and communication with local institutions is crucial for managing … Read more
Changing the registered address of a company in Bulgaria involves officially registering the new headquarters of the company in the Commercial Register. This action has legal consequences – institutions will use the new address for official communication. The change is required when there is a physical relocation of the office, a change in the company’s … Read more
Taxation of Freelancers in Bulgaria 💼 Welcome to T&G Consulting – your trusted partner for accounting and tax services in Bulgaria. This guide explains how freelancers in Bulgaria are taxed when working with international clients and what benefits the system offers. Who Can Register as a Freelancer? Freelancers are registered as self-employed under the “liberal … Read more
What counts as digital services, 2025 Guide for Bulgarian Businesses Today we will cover an important question: do you need to charge VAT when selling digital services to customers outside the European Union? Under EU and Bulgarian VAT law, digital services are typically services delivered electronically without human intervention. This includes, but is not limited … Read more
2025 Guide for Bulgarian Companies Today we will address an important question: Do you need to charge VAT when selling digital services to clients outside the European Union? What Is Considered a Digital Service? According to European and Bulgarian tax legislation, digital services are generally services provided electronically with minimal or no human intervention. These … Read more
Digital Nomads in Bulgaria – Smart Tax Strategies for 2025 🌍 In 2025, Bulgaria stands out as one of the most attractive European destinations for digital nomads. With a flat 10% income tax rate, low cost of living, and EU market access, it’s a perfect base for remote professionals. Add stable internet and a vibrant … Read more
Hidden Profit Distribution vs Dividends in Bulgaria 💼 Many company owners in Bulgaria struggle to understand the difference between dividends and hidden profit distribution. Although both involve the company’s profit, the way they are declared and taxed makes a huge difference. Knowing how to distinguish them can protect your business from tax audits and penalties. … Read more
Consolidated Financial Statements – Who Needs Them in 2025? In this article, we explain who is required to prepare consolidated financial statements, when they apply, and why they are essential for compliance and transparency. 📊 What Are Consolidated Financial Statements? They combine the financial information of a parent company and its subsidiaries into one report, … Read more