Tax, Accounting, and Labor Law Consultations
Balantrix Accounting provides consultations related to tax issues, accounting, and labor law cases. With over 15 years of experience in the market, our accounting company can assist you with:
• Application of normative acts related to social security and insurance legislation;
• Tax consultations – VAT, personal income tax, and corporate income tax;
• Registration of Ltd., EOOD, and others.
Tax Consultations
Balantrix Accounting company offers tax consultations related to all aspects of tax legislation in the Republic of Bulgaria. You can turn to us if you need assistance with:
- Value Added Tax (VAT) – registration, deregistration with the National Revenue Agency (NRA), preparation and submission of statements, VIES, OSS, and working with the Intrastat system.
- Corporate Income Tax – profit tax, taxes and expenses for cars, representation, and social expenses.
- Taxes on dividends and liquidation shares.
- Personal Income Tax Law – determining and preparing advance tax declarations for labor income.
- Taxes for foreign persons – determination and reporting.
- Declaration of patent tax.
- Services related to Local Taxes and Fees Act (LTFA): submission of declarations for acquired real estate, declaration of donation tax, inheritance tax.
- Excise taxes.
- Customs duties.
- Health and social security.
- Tax planning.
- Coordination of taxes with legal provisions.
- Tax strategy.
- Avoidance of double taxation.
Accounting Consultations and Company Services
Servicing local companies – local and foreign-owned, branches of foreign companies, representative offices, and others. We assist with:
- Processing national and international documents.
- Preparation of documents for international agreements.
- Chief Accountant for small, medium, and group companies.
- Communications with NRA and other tax administrations.
- Preparation of periodic financial reports.
- Annual accounting closure and financial statement preparation.
- Payroll statements for social and health insurance.
- Declarations and cover letters to NRA regarding paid insurance.
- Declarations to the National Social Security Institute (NSSI) regarding sick leave.
Consultations Regarding:
- Tax matters.
- Questions regarding labor and non-labor relations.
- Accounting and Tax Legislation;
- Tax optimization.
- Intrastat and OSS declarations.
Administrative Services:
- Company registration.
- VAT registration.
- EORI number registration.
- Registration of a liberal profession and assistance in obtaining a Bulstat.
- Registration for foreign persons and issuance of a foreigner’s ID number.
Accounting Consultations
- Financial justifications needed for obtaining bank loans and financing.
- Financial and accounting analysis of the company.
- Tax protection.
- Labor and insurance consultations.
- Company control system.
- Information about changes in trade and tax legislation, as well as health and social insurance.
- Annual tax declarations for individuals.
- Registration of Ltd. and EOOD.
Labor Law and Social Security Consultations
Labor law and insurance consultations cover the following areas:
Application of labor law
- This includes entering and terminating employment contracts, choosing a labor relationship, and grounds for terminating an employment contract.
- Preparation of a work schedule and recording the work process.
- Calculation of compensations, remuneration, and payments for performed work.
- Order for using paid and unpaid leave.
- Permanent and non-permanent remuneration.
- Protection upon dismissal and right to compensation.
- Application of insurance legislation as part of the Social Security Code and related acts.
- Civil and labor contracts.
- Contracts for management and control.
- Work with self-insured persons.
- Determination of the amount of insurance contributions between the employee and the employer.
- Determination of the taxable elements of the insurance income.
- Commencement, interruption, and termination of insurance.
- Setting a minimum and maximum insurance income, etc.
Taxation of Individuals
Setting a basis for taxing individuals in connection with the Personal Income Tax Act and normative acts, including:
- Taxable and non-taxable income from labor and civil contracts.
- Management and control contracts.
- Self-insured persons.
- Issuance of service notes.
- Declarations from and to employers.
