attorney Tag

LEGAL BULLETIN I. Acts and regulations on their application Bill for amending and supplementing the Foodstuffs Act A new Food Act, in force since 09.06.2020, was published in the State Gazette No. 52 of 09.06.2020. The new law introduces new requirements for business operators operating on the Bulgarian food market. Registrations of producers and distributors of food and non-alcoholic...

Following the adoption of the Measures and Actions during the State of Emergency Act, announced by a decision of the National Assembly of March 13, 2020, the following legal consequences for the duration of the state of emergency arise for the companies of the Group XXX OOD in Bulgaria. 1) For the duration of the state of emergency all monetary liabilities of third parties towards XXX OOD...

On 05.11.2018 the Ministry of Finance introduced a bill for Amendment and Supplement of the Tax and Social Insurance Procedure Code. The bill seeks to implement Action 13 of the Base Erosion and Profit Shifting actions (the so-called BEPS actions) of the OECD. The bill makes provision for obligations concerning local and foreign taxable legal persons which perform business activities in the...

The Bulgarian Parliament adopted the draft amendments to the TSSPC regarding the automatic exchange of country by country reports (CbC reports) of multinational groups of undertakings (MGU), operating within several EU member states. The amendments are effective as of 04.08.2017. From 2017 the Bulgarian National Revenue Agency (NRA) will exchange information about MGU with the other tax...

The changes implemented by the Act Amending and Supplementing the TSSPC, promulgated in the State Gazette №63/04.08.2017 aim to improve and complete the existing provisions on third party liability concerning outstanding taxes and social security contributions of taxable legal entities. The amendment of the provision of art. 19 and 20 of TSSPC is of importance for the optimization of...

On the website of the Ministry of Finance are published draft amendments in order to adjust the tax acts in 2017. In the transitional and final provisions to the Act amending and supplementing the Excise duties and tax warehouses act is proposed the introduction of the following amendment of the VAT Act with respect of the lease agreements:

On the website of the Ministry of Finance are published draft amendments in order to adjust the tax acts in 2017. In the transitional and final provisions to the Act amending and supplementing the Excise duties and tax warehouses act is proposed the introduction of the following amendment of the VAT Act with respect of the tax treatment of the supplies performed by the parties of a commission...

On the website of the Ministry of Finance are published draft amendments in order to adjust the tax acts in 2017. In the transitional and final provisions to the Act amending and supplementing the Excise duties and tax warehouses act is proposed the introduction of the following amendment of the VAT Act with respect of the possibility of adjustment of credit for input tax:

In §18 of the Final Provisions of the Law onthe Amendment and Supplements of the Tax-Insurance Procedure Code (Promulgated in the State Gazette issue No14, 15.02.2011) a new paragraph 8 has been added to art. 141 of the Law of Commerce concerning the managers of limited liability companies. Currently, the text of art. 141, para 1, sentence 1 of the Law of Commerce states that as a manager of a...

The term of the commercial enterprise is defined in art.15, para 1 of Commercial Act as the aggregate of rights, obligations and factual relations. Being such aggregate the commercial enterprise may be subject to assignment. However, what happens if only part thereof has to be assigned? This issue has been dealt with in both practice and theory.