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    Lawyer's Blogs

    Basic laws of Bulgaria

    Published:   31.05.2016 |
    Tags:
    #Bulgaria#Legislation

    In each developed country in the world, the main title documents, which shows all the state laws that have legal force, regulating the political, economic and legal system of the state is the Constitution. The main difference of Bulgarian legal system - transparency and accessibility. Before signing, the law is manifesting in the state newspaper "The State Gazette ". The newspaper publishing innovations, additional information on the laws; Ministries edicts; information regarding the opening of firms and changes in the authorized capital; proceedings in legal cases, etc. As soon as the laws came into force, they can be found in the city libraries, government organizations and companies. In addition, the information base can be removed from the Internet resources, specially designed sites. For the first time, the content of the legal part of the Constitution of the Republic of Bulgaria, was published in the "State Gazette" in 1991. To your review there is a brief summary legislative framework of Bulgaria below: «The law on the Bulgarian citizenship»; «Aliens Act»; «The Law on Local Taxes and Fees shall»; «The law on the right of ownership»; «Foreign Investment...

    Preparation of the EU Law on the tax deals

    Published:   30.05.2016 | Без категории
    Tags:
    #EU#Legislation

    The European Union, which is mired in tax disputes with large multinational companies like Apple Inc. and McDonald's Corp., has announced his intention to restrain the government, who are trying to win over multinational companies by means of favorable tax benefits, enabling the latter reduce their tax liability by placing profits abroad. The European Commission, which has the right to prohibit unfair tax breaks provided by multinational companies, has announced his intention to limit the ability of EU Member States to adopt provisions that allow reducing tax burden for foreign companies. A document published by the European Commission determines how the regulator will provide support to Member States, and is a warning shot in the direction of the companies that are engaged in deducing profits, insisting that the transactions between related parties should be carried out at market prices. The document specifies that any intentions to deviate from the certain market prices should be limited and proportional. This applies to situations where it is impossible to determine a comparable transactions, for example, in matters of profits produced using sophisticated payment schemes...

    Opening an entity in Bulgaria

    Published:   24.05.2016 | blog
    Tags:
    #Bulgaria#Offshores

    Opening a firm in Bulgaria can give you a lot of advantages. Presence of entity will allow you to buy agricultural property and capital facilities, to use credit organization services sigh agreement on leasing, to use a wide range of services on an equal footing with residents. The main advantage is a possibility to operate commercial project on the EU territory. Registration and opening entity in Bulgaria Republic - LLC, SMLLC (Single Member Limited Liability Company) - it's not easy process, in what take part attorney at law and lawyer. During preparing registration, documents need to choose registration form for future company. LLC - Limited Liability Company - more often used registration form. Founders of such company have responsibility for capital identical to further capital; do not responsible for the circumstances that may fall on the company. The main advantage of opening LLC is a small capital - 2 Bulgarian lev. This form of registration is suitable for owners of small and medium business, buying agricultural property and capital facilities. Joint-stock company - registration during opening and cooperating of big business projects. In Bulgaria there are...

    Is it possible to get away from double taxation?

    Published:   18.05.2016 | Без категории
    Tags:
    #Taxation#USA

    In our article today we will try to found an answer for a popular question - how multinational companies of innovation technologies avoid a taxation? Also we will talk about one of the biggest international company nowadays. This company started with з producing PC in 1998 and pocket music player with rigid disk in 2001, this company has been developed technologies what we used to use in our daily life. Not even creative and challenging character helped them to get a success but also clever way in questions with taxation. Parliament proceeding on 2014 was announce that in period from 2009 to 2012 they could cover more than USD 44bn. Even do not pay attention that the general director said that they had any violations by their side. With that this occasion was beginning of a lot revolts as in the USA as in other countries, where this company have has an essential profit and pay misery tax. Fundamental in international taxation is based on such principle of "all income should be taxed only once." In other words, the rules relating to international taxation should not only allow to avoid double taxation, but also to avoid double tax evasion. After a short analysis of the tax...