How to Manage Cross-Border Transactions and Avoid Tax Risks? When managing cross-border transactions, understanding your tax obligations is essential. Many businesses operate internationally, but they often make basic mistakes that lead to tax audits and financial penalties. In this article, we will discuss the most common mistakes and how to avoid them while ensuring your … Read more
How to Effectively Manage EU VAT Understanding VAT (Value Added Tax) and how to apply it correctly is crucial for businesses trading goods within the European Union. In this article, we will guide you through the key aspects of EU VAT on intra-EU trade, common mistakes businesses make, and how to ensure compliance with VAT … Read more
Corporate Tax in Bulgaria in 2026: When Is It a Real EU Advantage? The topic of corporate tax in Bulgaria continues to attract international entrepreneurs. Bulgaria is a full EU Member State. It follows European accounting, VAT, and compliance standards. At the same time, it applies one of the lowest standard corporate income tax rates … Read more
Running a Company in Bulgaria Bulgaria is widely promoted as a 10% corporate tax jurisdiction. That part is true. However, running a company in Bulgaria involves much more than paying corporate tax. The real operational cost comes from compliance, reporting, management obligations, and maintaining credibility with institutions. Many foreign entrepreneurs calculate profitability based only on … Read more
Running a Company in Bulgaria Bulgaria is widely promoted as a 10% corporate tax jurisdiction. That part is true. However, running a company in Bulgaria involves much more than paying corporate tax. The real operational cost comes from compliance, reporting, management obligations, and maintaining credibility with institutions. Many foreign entrepreneurs calculate profitability based only on … Read more
Working with Foreign Clients from Bulgaria More freelancers, IT specialists and consultants are choosing Bulgaria as their operational base while serving clients across the EU, the UK and the United States. This model is fully legal and increasingly common. However, proper application of Tax & VAT rules is essential from the very beginning. At T&G … Read more
Why Every Business Owner in Bulgaria Must Understand Basic Accounting and Tax Many entrepreneurs say: “I have an accountant. I don’t need to know this.” 🤝 This mindset often leads to serious problems. Even when accounting is fully outsourced, responsibility remains with the business owner. At T&G Consulting, we regularly see how lack of basic … Read more
Many foreign-owned Bulgarian companies use Wise, Stripe and PayPal to receive payments from international clients. While these platforms significantly simplify global payments, they introduce serious accounting complexity related to transaction structure, settlement timing, multi-currency operations, and VAT compliance under Bulgarian and EU law. 💼 Misunderstanding how payment platforms are recorded in accounting One of the … Read more
Bulgaria has become an increasingly attractive destination for foreign entrepreneurs due to its low corporate tax rate, EU membership, and relatively fast company incorporation process. However, company registration in Bulgaria follows a strict legal sequence, and misunderstandings often lead to delays, rejected applications, or compliance issues later on. This guide explains how company registration in … Read more
Resident vs Non-Resident Director in Bulgaria: What You Should Know Choosing a company director in Bulgaria is not a formal step. It is a strategic decision that affects daily operations, compliance, and long-term business stability. Many business owners focus on registration and overlook the director structure, only to face avoidable complications later ⚠️ Bulgarian law … Read more