VAT REDUCTION IN CASE OF IRRECOVERABLE DEBT
An amendment to the Value Added Tax Act came into effect as of January 1st, 2023, allowing for a reduction of VAT and the tax base in the event of a total or partial non-payment for a taxable supply the
The legal status of, and issues concerning transactions involving parking spaces
A number of rulings passed by the Supreme Court of Cassation (SCC) between 2007and 2014 proceed, in no uncertain terms, from the premise that a parking space is not a separate, stand-alone object of ownership rights, which complicates transactions involving
Streamlining EU Blue Card issuance under Bulgarian law
On 25.01.2023 in the Bulgarian State Gazette were promulgated amendments to the Foreigners in the Republic of Bulgaria Act (FRBA) and the Labour Migration and Labour Mobility Act (LMLMA). The amendments are aimed at significantly streamlining EU Blue Card issuance
Satisfying a creditor by assigning assets against receivable
The COVID-19 pandemic of 2020 and the globally increasing inflation exacerbate the challenges facing businesses and the frequency of insolvencies leading to an ever larger number of bankruptcy proceedings. These facts provide an incentive for the contractual party in good
Non-profit legal entities can file for re-registration with the Registry Agency even after December 31st, 2022
Non-profit legal entities (NPLEs) listed in the records offices of district courts of justice were required to file for re-registration with the Commercial Register and Register of Non-Profit Legal Entities (CRRNPLE) administered by the Registry Agency by December 31st, 2022.
National Recovery and Resilience Plan of the Republic of Bulgaria: Investment 2 (C4.I2): Support for renewable energy for households
The Ministry of Energy announced a public discussion on the procedure for supporting renewable energy for households including with construction of photovoltaic systems, pursuant to the National Recovery and Resilience Plan of the Republic of Bulgaria. The tentative date for
The Court of Justice of the EU passes judgement about civil liability in tort actions
In reference to a suit brought against a German insurer represented by Dobrev and Lyutzkanov Attorneys-at-Law, seeking compensation for non-material damages from death of a loved one which occurred in a road traffic accident on German territory, on December 15th,
