Bulgaria became part of a total of 130 countries that supported the introduction of a global corporate tax in 2023. The initiative was launched by the G7 and will affect corporations with a global turnover of over 20 billion euros. If such a corporation has a turnover of more than 1 million euros in a given jurisdictio...
The US Treasury Department is proposing a minimum corporate tax rate of 15%. Currently, the corporate tax in the United States is 21%, and is expected to rise to 28%. The aim is to discourage companies from relocating their headquarters to other countries due to lower tax rates....
The Bulgarian Parliament has agreed to issue a startup visa for high-tech companies from outside the EU who want to start a business in Bulgaria. It is expected that in the next 10 years with this visa in Bulgaria can start business over 2000 companies. The Minister of Economy must issue an ordinance regulating the pro...
Until the end of February is the term in which the companies must submit declarations under Art. 73, para 1 and para 6 of the Personal Income Tax Act. One declaration is for the income paid on labor relations in 2020, and the other for all other incomes that the companies have paid to individuals in 2020....
Companies in Bulgaria will be able to submit an annual tax return for the previous year by June 30. The tax campaign will start on March 1. Advance payments for corporate tax will now be submitted with a separate declaration....
On November 19 was held the annual meeting of Parker Russell International. Due to the Kovid 19 pandemic, the meeting was held online. Each member shared the challenges facing his country's business in a pandemic. They were accepted new members from Georgia, Bahrain and Qatar.
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