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Tax consulting

ACCOUNTING

A professional accounting team, with international experience will bring you high end expert service. We take care of everything, from book keeping, archiving, accounting, tax consulting and taking care of you accounts.

 

We offer a 24 hour line for consulting free of charge in our golden package. Our service is highly confidential as our client list.

WE HELP YOU FOCUS

Why should you be stacked in administration and accounting work. We take the burden off your shoulder’s and help you focus on what really matters to get your business growing.

 

With our archiving capacities and constant education of our staff, monitoring ever changing regulations and global finance requirements we are sure we can be a valuable ally in your expansion.

TAX REDUCTION RELATED TO COSTS

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GROWTH IS YOUR FRIEND

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Taxes

Taxes are integral part of any business and any activity that generates income to the company. Despite of company size and its turnover the taxes have influence over the generated profit. The tax effect is important for the planning of the company expenses and the cash-flow.

Tax accounting

Tax accounting concentrates on the preparation, analysis and presentation of tax payments and tax returns. The tax system requires the use of specialized accounting principles for tax purposes which can differ from the generally accepted accounting principles for financial reporting.

  • Corporate tax of 10% over the profit, after the submission of the annual tax declaration; the tax is payable till the end of March (deadline – 31 March next year).
  • Dividend tax of 5% payable after the shareholders approve the annual reports and take decision to distribute dividends; the deadline for payment of that tax is one month after the date of the decision.
  • Withholding tax of 10% the tax occurs for special types of income generated in Bulgaria and payable to a foreign entity (there are exceptions with some countries with which Bulgaria has Double Taxation Avoidance Treaty), the types of income are specified in CITA; deadline for payment of that tax is the end of the month following the month when the income has been recognized.
  • Tax on representative expenses – 10%
  • Tax on social expenses – 10%
  • Tax on fuel on vehicles – 10%