How Does VAT Work in Bulgaria: Registration, Compliance, and Refunds? Understand how the Bulgarian VAT system works, when registration is mandatory, how to report correctly, and how to claim VAT refunds. A practical guide for both local and foreign companies. What Is the Standard VAT Rate in Bulgaria? The standard VAT rate in Bulgaria is … Read more
Which Business Expenses Are Tax-Deductible in Bulgaria? Recognized expenses reduce the company’s taxable profit. They must be directly related to the business activity. Common Deductible Expenses: Category Examples Rent and Utilities Office rent, electricity, internet Salaries and Social Security Gross salary, health and social contributions Professional Services Fees to accountants, lawyers, consultants Marketing and Advertising … Read more
Annual Tax Return in Bulgaria – Is It Mandatory to File? Filing an annual tax return is mandatory for individuals with certain types of income. Understanding when and how to file your return helps you avoid penalties and ensures compliance with the law. This article provides useful information on when you’re required to submit your … Read more
Why Does Bulgaria’s 10% Corporate Tax Attract Foreign Entrepreneurs? Bulgaria applies a flat corporate tax rate of 10% on the profits of all companies – regardless of their size. For comparison: Country Corporate Tax Bulgaria 10% Germany 29.9% France 25% – 32% Italy ~24% This low rate makes Bulgaria one of the most competitive jurisdictions … Read more
How to Manage Currency Exchange for Your Bulgarian Business Without Losing Money? Bulgarian companies often work with international clients and suppliers. The exchange rate directly affects profit. Effective currency risk management limits losses. What Is Currency Risk for Businesses in Bulgaria? Currency risk arises when converting between Bulgarian lev (BGN) and foreign currencies: Rates change … Read more
How to Benefit from Bulgaria’s Tax Advantages as a Digital Nomad? Want to pay lower taxes as a digital nomad or remote business owner? Bulgaria offers some of the most attractive tax conditions in Europe. In this article by T&G Consulting, you’ll learn how to make the most of them. Why Is Bulgaria Considered a … Read more
How to Register a Bulgarian Company Remotely? Do you want to start a business and register a Bulgarian company online? It is possible, but there are some challenges — especially when opening a bank account. In this article by T&G Consulting, we’ll walk you through the entire process step by step. Preparing the Company Registration … Read more
How to Buy Property in Bulgaria Through Your Company to Access Tax Benefits? Purchasing property in Bulgaria through a company can offer significant tax benefits. To take advantage of them, you must follow certain rules and consider key factors. See the steps and advantages of this strategy! In this article by T&G Consulting, you will … Read more
The Business Benefits of Bulgaria Joining the Schengen Area The main objective of the Schengen Area is to provide people with the freedom to travel between member states without undergoing border checks. On March 31, 2024, border controls at Bulgaria’s air and sea borders with other Schengen countries were lifted. From January 1, 2025, Bulgaria … Read more
What Should You Know About Accounting for an Online Store? If you own an online store or are planning to launch one, you have probably faced many questions related to accounting. How do you manage cash flow? What tax obligations do you have? How should you organize your documents? In this article, we will cover … Read more