ACCOUNTING SERVICES BULGARIA

The Government cut state taxes

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June 12, 2015, 12:59 p.m.

The Government has changed considerably the amount of a large part of the state fees collected by the Registry Agency in order to reduce the administrative burden. As a result of the reduction, nearly 4.1 million BGN will remain in business and citizens. The projected reduction in the amount of fees for registration of new traders is on average of 31% compared to currently applicable charges. For example, for LLC and LTD the fee becomes from 160 to 110 BGN, and for AD from 1700 to 1300 BGN.  If the documents are submitted electronically, the fees will be in half amount.

The fees reduction will stimulate starting and making business in Bulgaria and will facilitate citizens in the supply of certificates, transcripts and references.