Why Cheap Accountants Can Cost Your Business More Later? Many business owners choose an accountant mainly based on price. At first, this may seem like a smart financial decision. Startups and growing companies often focus on reducing monthly expenses wherever possible. 🙂 However, accounting is not simply about filing tax returns or entering invoices into … Read more
Can a Bulgarian Company Pay the Owner’s Personal Expenses? Many foreign business owners in Bulgaria eventually ask the same question: can company funds be used for personal expenses? At first glance, this may seem harmless. The company has money, the owner controls the business, and some expenses appear connected to everyday operations. In reality, this … Read more
Place of Effective Management – Can Another Country Tax Your Bulgarian Company? Place of effective management is a key factor in determining where a company is considered tax resident. Many business owners assume that registering a company in Bulgaria is enough to ensure taxation only in Bulgaria. In reality, this is not always the case. … Read more
Shareholder Loans in Bulgaria: Risks, Tax Rules and Smarter Alternatives Shareholder loans Bulgaria is a topic many business owners underestimate. At first glance, transferring personal funds into your company seems simple. In reality, the structure behind that transfer can significantly affect your tax position and long-term compliance. At T&G Consulting, we often see companies that … Read more
Article 97a VAT Registration in Bulgaria – Who Must Register and What to Avoid Article 97a VAT registration in Bulgaria is one of the most misunderstood tax obligations, particularly for freelancers, foreign business owners, and companies operating with international partners. Many believe that if they are not VAT registered, they have no VAT responsibilities. This … Read more
Foreign Shareholder in Bulgaria – Key Risks You Should Know Choosing the right ownership structure in Bulgaria is a strategic decision. It affects taxation, banking access, and long-term compliance. Many entrepreneurs assume that using a foreign company as a shareholder works the same as individual ownership. In practice, this approach introduces real complexity. This guide … Read more
Amazon FBA VAT for Bulgarian Companies: OSS, Pan-EU and Hidden Risks Amazon FBA (Fulfillment by Amazon) often looks simple at first 🙂 You send your products, Amazon stores them, and customers across Europe receive fast delivery. For many Bulgarian companies, this seems like a perfect growth model. The challenge begins when VAT is not treated … Read more
When to Upgrade Your Company Structure Most businesses in Bulgaria start simple. One owner, one entity, basic accounting. This setup works well in the early stages. However, as the business grows, the same structure may begin to create problems. Tax inefficiencies, compliance risks, and unclear ownership can slowly build up. Upgrading your company structure Bulgaria … Read more
Tax Deductible Expenses in Bulgaria,What Businesses Must Know Understanding tax deductible expenses in Bulgaria is essential for any company that wants to operate safely and efficiently. Many business owners believe that having an invoice is enough to justify an expense. In reality, Bulgarian tax authorities look beyond documents and focus on the actual business purpose … Read more
Reverse Charge VAT for EU Services – What Businesses Should Know Many international entrepreneurs choose Bulgaria as a base for their business activities in Europe. The country offers access to the EU market, a relatively stable tax system, and a strategic location for cross-border trade. Once companies start providing services to clients in other EU … Read more