Expats looking to minimize their income-tax bill may want to pack up and move to Bulgaria. While there’s no such thing as tax-free living, some places have better tax structures for expats than others—and the tiny Balkan nation is one of them. A new report from AIRINC, a firm that ...
Read MoreBulgaria approves US Foreign Account Tax Compliance Act
The Council of Ministers has approved an intergovernmental agreement between Sofia and Washington regarding the application of the US Foreign Account Tax Compliance Act (FACTA) in Bulgaria. The document has been submitted for approval by the country’s Parliament. If it gets the nod of legislators, the agreement will allow US ...
Read MoreBulgaria envisages an unchanged tax system
The Bulgarian Government published on its website its governance program entitled Programme for Stable Development of the Republic of Bulgaria in the 2014-2018 Period, BTA wrote.Keeping the currency board arrangement until Bulgaria joins the Eurozone, applying for entry into the Eurozone and into the EU Single Supervisory Mechanism for banks, ...
Read MoreRate of unemployment in Bulgaria is decreasing
Rate of unemployment in Bulgaria is decreasing but remains above the average level for the EU, according to the latest data of Eurostat, Sega daily reports. In November 2014 the unemployment rate in the country was at 11.1% – down by 0.2% compared to the previous month.In comparison with November ...
Read MoreBusiness processing rules for VAT refunds for Diesel purchased in Ireland with effect from 1 January 2015
Business processing rules for VAT refunds for Diesel purchased in IE as follows: 1. With effect from 1 January 2015, all EVR claims for 2014 onwards submitted to IE for diesel fuel purchases must list the fuel supplier’s name, VAT Number and the Invoice No associated with the purchase. The ...
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