T&G Consulting - Accounting Services

Tax and accounting consulting

Trust our experience and the tax consulting we offer

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The team of T&G Consulting believes that every endeavor, regardless of the field of activity, needs consultations with professionals.

The tax and accounting consultations that we at T&G Consulting provide in the field of direct and indirect taxes contribute to the successful development of each company.

The tax field and tax-like payments

This is an extremely dynamic field that is constantly changing. Therefore, knowledge of the legal provisions which are applicable only to Bulgaria is extremely insufficient knowledge. An important necessity has become compliance with international norms precisely as more and more Bulgarian companies have trade relations abroad.

We strive to be completely objective in our consultations and firmly stand by our words. We have extensive experience in solving serious cases, saving you headaches and finances. The tax field is not difficult to familiarize with the right approach. But this is a process that requires a lot of time and would cost an outflow from the main activities related to your business.

That is why we are ready to provide you with the necessary assistance through comprehensive tax and accounting consultations. They are based on the most up-to-date information in the country and abroad. We guarantee that we will be uncompromising in our tax consultations. We will not spare you even the unfavorable part of your case.

Our tax and accounting consultations cover: understanding the necessity and benefit of tax planning. As well as optimization of taxation, analysis and evaluation of tax effects on the activities of companies and individuals.

We keep ourselves informed and offer an adequate response when dealing with tax information. Our goal is for you to receive tax and accounting consultations depending on the specifics of your business. Most often they are related to issues concerning taxes, accounting, planning, analysis, profitability of the company, administration, staff, etc.

Answers to your questions

First, we prepare all the necessary documents for company registration, which takes between 1-5 working days.

After that, it is necessary to open an accumulation company bank account, which for Bulgarian citizens happens immediately, but for foreign citizens, there is often an inspection by the bank, which can last between 1-20 working days.

It is also necessary to make a notarization of an affidavit in front of a notary, which is done immediately.

And finally, after all actions mentioned above have been completed, it takes up to 3 days for the company registration in the Commercial Register to be finalized.

Yes, we at T&G Consulting assist with company registration completely remotely. You don’t need to be in Bulgaria or travel to the country. For your convenience, we will assist you throughout the entire process.

Pricing depends on a number of different factors. We form our prices after we have familiarized ourselves with your business activity and the amount of work we will need to do. For this purpose, please fill out the questionnaire on the ‘Pricing’ page or contact us directly.

It depends on your activity and the way you will develop your company. Many specific factors must be taken into consideration, so we recommend that you consult with a specialist to examine your case and whether you fall under any of the hypotheses for mandatory VAT registration.

Here are two of the most common cases in which you are subject to mandatory VAT registration:

- If for the last 12 months you have exceeded a turnover of BGN 100,000. (The threshold of BGN 100,000 comes into force on 01.01.2023, before that date the threshold is BGN 50,000)

- You perform or receive services on the territory of the EU - in this case, you need to register no later than 7 days before the date of occurrence of the tax event

Corporate tax in Bulgaria is 10% and does not change regardless of the turnover of your company. This makes Bulgaria one of the most attractive places for investment and business development in Europe.

In Bulgaria, the dividend tax is 5%, both for Bulgarian and foreign citizens.

Yes, Bulgaria signed double taxation treaties with more than 60 countries worldwide in order to avoid double taxation.

Our team speaks English and Russian. This allows us to work with clients outside of the country who wish to take advantage of the attractively low taxes in Bulgaria.