Local and international accounting services by Leinonen Bulgaria.
Leinonen Group

    Dear Business partners,

    Whether you’re about to tackle your 2014 income tax return or planning to reduce your tax bill for 2015, this special issue has timely and practical advice for you.

    We are at your disposal

    with Clever Tax Planning Strategies! If you have questions about your tax return we are able to provide you with professional consultation and conduct your annual closure. We can keep you penalty free!

    Submit your questions now!

    Corporation income tax return 31 March 2015

    All legal entities resident and non-resident but with place of business in Bulgaria have to file a corporation income tax return no later than March 31, 2015 even if there is no tax payable. This includes:

    • non-profit organizationsif they carry on a trade or business;
    • tax-exempt companies; and
    • inactive companies.

    Advance Tax : Non-Individuals (FY 2014-15)

    Generally, corporations have to pay their taxes in monthly or quarterly instalment payments depending on incomes earned in the previous fiscal year. No advance tax is payable if the total income is less than 300 000 BGN.

    Corporations are responsible for calculating and remitting their own instalment  ... read more.

    Attention to managers!

    You must file your return on time to avoid penalties in the amount from BGN 500 to 3000, and in case of repeated violation - in the amount from BGN 1000 to 6000. 

    Tax for individuals

    April 30th is the deadline for submission of annual tax returns of individuals and sole traders. Taxable income could include non-labor incomes such as: rental, financial, interest incomes and others. Some of the tax benefits can be used only by submission of a declaration, although person has no other income apart from employment. An example is the mortgage’s interest paid... read more

    Property and Waste taxes

    This year Property and Waste taxes can be paid in two equal installments – first one - up to 30th of June and the second instalment – till 31st of October. There is 5% discount if you pay the entire amount within 30th of April.

    Across-the-board minimum wage in Germany

    From the beginning of the year Germany's new measure has required a truck driver to be paid an hourly 8.50 euros gross. German minimum wage, which could... read more.

    Reforms for better investment conditions

    “Our main priority is to improve the business environment and reduce the administrative burden, "said Minister Lukarski in a meeting with German and French businesses in Bulgaria. The Ministry's efforts will be directed towards... read more.

    Leinonen Group is all about company formation, accounting and payroll services. With experience of 25 years we are helping companies to enter new market areas. Today we operate in 11 countries: Finland, Sweden, Norway, Estonia, Latvia, Lithuania, Poland, Hungary, Bulgaria, Russia and Ukraine.

    We are looking forward to co-operating with you!

    Yours Sincerely,

    Albena Stoyanova

    Managing Director
    Leinonen Bulgaria EOOD
    albena.stoyanova@leinonen.bg
    Mob. +359 876 109092

    Leinonen Bulgaria

    22, Serdika Str., 1000 Sofia, Bulgaria, Tel. +359 2 983 2198