-
Recent Posts
Recent Comments
Archives
- March 2017 (1)
- February 2017 (1)
- August 2016 (2)
- June 2016 (2)
- April 2016 (1)
- August 2015 (1)
- May 2015 (1)
- February 2015 (1)
- January 2015 (1)
- December 2014 (1)
- November 2014 (1)
- October 2014 (1)
- September 2014 (1)
- July 2014 (1)
- June 2014 (2)
- May 2014 (4)
- April 2014 (4)
- March 2014 (6)
- February 2014 (4)
Categories
- Accounting (4)
- Accounting practice (1)
- Accounting standards (1)
- Business (5)
- Business process management (3)
- Business processes (3)
- Corporate Tax Act (6)
- Events (1)
- HRMS (1)
- Local Taxes and Fees Act (2)
- Payroll (4)
- Personal Tax Act (4)
- Software (5)
- Tax-Insurance Procedure Code (3)
- Taxes (30)
- Temporary disability (1)
- VAT act (14)
Tag Cloud
Accounting Software annual financial statements Art 83 of CITA Art 84 of CITA art.68 para 2 of the VAT act artart Borrowed funds BPEL BPM business processes business subject Car civil contract Customer stories donation tax downpayments GAAP IFRS interest loans Local Taxes and Fees Act National Statistical Institute (NSI) penalty Personal Income Tax Act running S & T Bulgaria Software tax at source tax credit tax event taxes VAT VAT Act VAT credit VAT registration-
Other:
Follow us:
Author Archives: Georgi Marinov
Another jubilee from our team makes it 10 years with NOVACON :)
We are happy to announce that we have another jubilee in NOVACON team – Stefan Chechev (Tax & Accounting Consultant) makes 10 years since he joined the company.
VAT registration of an entity, whose manager has outstanding tax liabilities exceeding 5 000 BGN
It is a common case where the commercial activity of an entity requires VAT registration of a newly established company. However, it would be an obstacle if the manager has outstanding liabilities to the budget exceeding 5,000 BGN (which originate … Continue reading
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
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
Tagged interest, tax at source, taxes, withholding tax
Leave a comment
Tagged interest, tax at source, taxes, withholding tax
Leave a comment
Decision of the Court of Justice of the EU (CJEU) from 3rd September 2015 upon an inquiry by the Bulgarian court in relation with a classical refusal of VAT credit for invoices for consulting services by local tax office.
The dispute between Asparuhovo Lake Investment Company Ltd (ALIC) and the Director of “Appeal and Tax-Insurance Practice” department of Varna Territorial Directorate (TD) of National Revenue Agency (NRA) is an interesting case, for which Varna Administrative Court sent a prejudicial … Continue reading
Posted in Tax-Insurance Procedure Code, Taxes
Tagged appeals, tax audits, tax code, tax credit, taxes, VAT credit refusal
Leave a comment
Tagged appeals, tax audits, tax code, tax credit, taxes, VAT credit refusal
Leave a comment
Lots of emotions and great fun – for a second year at Business Run :)
NOVACON team participated for a second consecutive year at Postbank Business Run 2016 – a relay race with a cause which was performed on the territory of Business Park Sofia on 5 June 2016 (Sunday).
What we should mind in case of appeal of a tax administration act?
The Tax-Insurance Procedure Code (TIPC) provides the administrative appeal before the director of “Appeal and tax-insurance practice” department of National Revenue Agency (NRA) as a compulsory instance before the court appeal. The individual administrative acts created by the revenue authorities, like … Continue reading
Posted in Taxes
Tagged appealing procedure, corporate taxation, tax act, Tax-insurance Procedure Code, VAT
Leave a comment
Tagged appealing procedure, corporate taxation, tax act, Tax-insurance Procedure Code, VAT
Leave a comment