Bulgarian Accountancy and Tax Law
Arbeitspapiere des Forschungsinstituts für mittel- und osteuropäisches Wirtschaftsrecht, 82.
WU Vienna University of Economics and Business, Vienna.
This commentary is purposed to provide a practical in-depth study of Bulgarian
Accounting and Tax Legislation as of January 1, 2001. It considers the main accounting
and reporting principles and the acts on which they are based. Special attention is devoted
to the substantial compliance of Bulgarian accounting regulations with the international
accounting standards and requirements.
The commentary focuses on a relevantly detailed analysis of the Bulgarian Tax Legislation
including the corporate and personal taxation, as well as the value-added tax and local
taxes and fees. In this connection, the procedures for tax payments and returns, the tax
administration structure and competencies are described particularly.
In addition, the special treatment under the Double Taxation Treaties and the methods of
double taxation avoidance within the frames of Bulgarian Tax Laws are presented