Legal aspects of crypto-currency and their future regulation
What is crypto-currency?
The answer to this question is largely unclear at this moment, but still attempts have been made to define what exactly this new type of payment instrument is. One of the first attempts to define the concept dates back to 2015, when in one of its decisions (on case C ‑ 264/14 CJEU) the Court of Justice of the European Union accepted that “bitcoin” is...
PROPOSAL FOR INTRODUCTION OF NEW VAT RATES
On the 7th of December 2021 the European Commission announced on its website that the ministers of finance of the EU-member countries have reached an agreement to update the existing rules on VAT rates for goods and services.
Such reform has already...
Global minimum tax
A hot topic in international tax law recently is the proposal of the Group of 7 for introducing a global minimum tax rate of 15%.
The G-7 proposal was approved also by G-20 in July 2021 and was officially adopted at the meeting in Rome. OECD has to draw up a detailed plan for the introduction of the new tax rate. It should be noted that оut of a total of 139 OECD member states, 137 have...
AMENDMENTS OF THE VAT ACT IN CONNECTION WITH THE IMPLEMENTATION OF THE EU DISTANCE SALES RULES
Amendments of the VAT Act were introduced by State Gazette, issue 104 of 2020, for the purpose of implementing the EU rules concerning the distance sales of goods and services, introduced for the EU-member states by Council Directive (EU) 2017/ 2455 and Council Directive (EU) 2019/ 1995 which are part of the VAT e-commerce package.
ON THE CONDITIONS IN THE BULGARIAN LAW OF OBLIGATIONS
Can a resolutory condition which constitutes action or inaction of the parties to a contract be agreed?
Under Article 9 of the Obligations and Contracts Act: “The parties can freely determine the content of their contract as long as it does not contravene mandatory provisions of law and morality”.
LEGAL BULLETIN II/2021
I. Acts and regulations for their application
Bill amending and supplementing the Anti-Money Laundering Measures Act
In SG Nr. 7 of 2021 was published the Law for amendment and supplement of the Law for the measures against washing of guards.
LEGAL BULLETIN – VII/2020
On 25.11.2020 Order Nr. RD-01-677/ 25.11.2020 was issued to the Minister of Health.
The order introduces the following anti-epidemic measures:
• Attended classes (including internships, internships, outsourced classes, exams, dual system of education) in schools and personal development support centers are suspended.
LEGAL BULLETIN – VI/2020
Acts and regulations for their application
Law for amendment and supplement of the Civil Procedure Code
On November 9, 2020 in the State Gazette Nr. 98, an Act amending and supplementing the Civil Procedure Code was published.
The amendment to the Civil Procedure Code introduces videoconferencing in court hearings as a way to conduct them when a participant in the process cannot be present in...
LEGAL BULLETIN – V/2020
Acts and regulations for their application
Law for amendment and supplement of the Civil Procedure Code
On November 9, 2020 in the State Gazette Nr. 98, an Act amending and supplementing the Civil Procedure Code was published.
The amendment to the Civil Procedure Code introduces videoconferencing in court hearings as a way to conduct them when a participant in the process cannot be present in...
LEGAL BULLETIN – V/2020
LEGAL BULLETIN
Issue V/2020
I. International acts
Commission Regulation (EU) 2020/1434 of 9 October 2020
Commission Regulation (EU) 2020/1434 of 9 October 2020 amending Regulation (EC) № 1126/2008 adopting certain international accounting standards in accordance with Regulation (EC) № 1606 / was published in the Official Journal of the EU