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The incorrect implementation of the global minimum tax in Bulgaria

| Full text of the analysis | Bulgaria introduced the rules for imposing a global minimum tax on large multinational and national groups of enterprises at the very end of 2023. This happened after the traditional long delay in the Bulgarian legislative process, lack of open public discussion and changes in the voted texts "on ...

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How builders could protect themselves from drastic changes in market conditions

Author: Georgi Vassilev, attorney at law firm "Benov, Vassilev and Natskov" "Builders stop selling greenfield properties", "Because of the jump in prices, greenfield property deals are stopped", "Shock for the property market! Greenfield deals are stopped" - these and other similar headlines have abounded in the media space over the past few months. The reason for …

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Business managed to briefly reorganize against the pandemic

Author: Rosen Sharkov Since the beginning of the coronavirus crisis, businesses around the world have been changing their concepts and ways of working and joining the common fight against the pandemic. An example of this in Bulgaria were textile factories that began producing clothing and masks such as – …

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Why should we NOT raise dividend tax?

dividend tax

Last week, the Confederation of Bulgarian Trade Unions (CITUB) announced a proposal for restructuring the tax system in Bulgaria, which includes 9 measures for “fairer” taxation. Of course, coming from their side, “fairness” means an increase in the tax burden. The unions are proposing a number of reforms to the system, most of which are the introduction of new and increases in old taxes – …

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S2E5 - Successful Business with Ivaylo Penchev

In this episode: - How to defeat 90s pussies? - Is it difficult to do global business in Bulgaria? - What is business responsible for and not responsible for? - What is Ivaylo Penchev's management philosophy? For greater convenience, we recommend downloading the podcast audio by clicking on the button …

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Quotas for the humiliation of people with disabilities II

Surprise? Or not? The state nevertheless introduced quotas for hiring people with disabilities. Now we are waiting to see what will happen. There will definitely be distortions in the market. Read my opinion on this in my previous article regarding quotas for people with disabilities. Here I will touch on other aspects of the topic, for which …

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Several arguments against the Price Surcharges Act

On 31.10.2018, the National Assembly (“NA”)[i] submitted a Bill to supplement the Consumer Protection Act from a group of MPs from the United Patriots group, which gained wide popularity on social networks under the name “The Law on Surcharges”. Following Valeri Simeonov’s statements about children with disabilities and their mothers …

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