Monthly Archives: August 2016

Responsibility of the manager in case of company assets reduction and tax liabilities

The Tax Insurance and Procedure Code (TIPC) provides for joint responsibility of a person (a manager or member of the management body of the company), who participates in reduction of the company assets, in the case where the company has … Continue reading

Posted in Taxes
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Tax at source for interest income on loans from a foreign entity to a Bulgarian company

A Bulgarian company concludes a loan agreement with a foreign company, which doesn’t have a place of business activity in the country. The interest of the loan agreement is an income for the foreign entity and under the Bulgarian laws, … Continue reading

Posted in Corporate Tax Act, Taxes
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