Bulgaria: Companies located in “preferential” jurisdictions banned from certain transactions
Bulgaria has enacted a new law, effective from 1 January 2014 which prevents companies located in “preferential tax regime jurisdictions” (and persons related to such companies) from receiving public funds, participating in privatizations in
See MoreBulgaria: Intrastat reporting threshold changed in 2014
Bulgaria has changed its 2014 Intrastat reporting thresholds with effect from 1 January 2014. The current arrivals (imports from other EU member states) threshold of BGN 240,000 has been increased to BGN 360,000; while current despatches (exports to
See MoreBulgaria: Tax Increase for the Wealthy
The Bulgarian Government has confirmed that it intends to introduce a higher rate of tax for the wealthy during 2015. A new 15% rate would apply to those earning more than BGN2,700 (USD1,900) per month instead of the flat 10%. Other measures
See MoreBulgaria- Amendments in VAT Act 2014
Amended Bulgarian VAT act have been published by Bulgarian tax office which are in effect since January 1, 2014. The changes are- the reporting point is to be treated as the end of the month for recurring monthly intra-community supplies, free
See MoreBulgaria releases tax withheld on specific EU traded bond interest
The Bulgarian Corporate Income Tax Act amendments will take into effect on January 1, 2014. No tax at source will be deducted on interest from bonds or other debt instruments issued by a Bulgarian entity and traded on an EU regulated market,
See MoreBulgaria- Cash Accounting in VAT
Due to recent cases in tax field Bulgaria plans to initiate some changes to the Value Added Tax regime to match its tax code with the EU VAT Directive in future. The above changes will come into effect on January 1, 2014, once approved. The changes
See MoreSwitzerland’s Federal Council adopted five double tax agreements
On November 21, 2012, Switzerland's Federal Council adopted five double tax agreements, with Slovenia, Turkmenistan, the Czech Republic, Bulgaria and Peru, and forwarded them to parliament for its
See MoreSwitzerland Adopts Multiple DTAs
The Swiss Federal Department of Finance (FDF) has announced on 23 November 2012 that the Federal Council has adopted five more double taxation agreements (DTAs) regarding taxes on income and on capital and submitted them to parliament for
See MoreBulgaria approves draft DTA initialled with Switzerland
On July 25, 2012, the government of Bulgaria approved the draft double taxation agreement (DTA) initialled between Bulgaria and Switzerland on November 28,
See MoreReduced VAT in 2013 in Bulgaria
The Bulgarian government announced that it will reduce the nation’s value-added tax by 1% in 2013 with a target of reaching 16% by 2015. The government said that in order to freeze the excise duty hikes until 2015, a cut from the current 20% rate
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