Corporate taxation is one of the most important instruments of the economic policy of states, and it can significantly affect the inflow of foreign investment and the competitiveness of national companies. In this article, we will look at corporate taxation in Bulgaria and compare it with taxation in other countries of the European Union, including […]

DUNS number (Data Universal Numbering System) is a unique identification number assigned to companies and organizations around the world. This number is assigned to companies in order to help financial and business institutions identify, classify and analyze them. DUNS numbers are used in over 200 countries around the world and are assigned to companies of […]

What is Web 1  Web 1 is the first period of development of web technologies, which lasted from the creation of the first websites in the early 1990s until the late 1990s. During this period, sites were static and had no dynamic content or interactivity, which distinguishes it from more modern versions of the web […]

Hawala is a cashless money transfer system that was invented in ancient India over 1500 years ago. The word “hawala” comes from the Arabic “hawala”, which means “trust”. This system allows you to transfer money without using banks, which makes it especially popular in countries with underdeveloped banking infrastructure. The history of the origin of […]

What are neobanks? Neobanks (sometimes called digital banks or fintech banks) are financial institutions that provide services similar to traditional banks, but without physical branches. Neobanks use mobile applications and online platforms to provide savings, lending, transfers and investment services. Benefits of neobanks For businesses looking for new and convenient ways to manage their finances, […]

The fight against money laundering and financial crime is one of the most important tasks for companies engaged in financial activities. In order to guarantee the safety of customers and avoid sanctions from regulators, companies must follow the rules and regulations established by law. One such rule is the Directive on Anti-Money Laundering (AMLD) and […]

I. Introduction In the modern world, corporations actively use international tax planning to reduce tax payments and maximize profits. However, using this practice entails certain risks for corporations. In this article, we will examine the main risks associated with international tax planning for corporations, as well as measures to mitigate them. II. Main methods of […]

Bulgaria has one of the most favorable tax regimes in Europe, making it an attractive destination for businesses looking to set up operations in the region. In this article, we will provide a comprehensive guide to taxes for businesses in Bulgaria. Corporate Income Tax Bulgaria has a flat corporate income tax rate of 10%, which […]

When you form a company in the USA (Corporation, Limited Liability Company or Partnership), you establish a legal entity that is separate from you as an individual. This separation protects your personal assets from any liability that the corporation might incur. However, in certain situations, it is possible for a court to “pierce the corporate […]

Pass-through taxation is a concept that applies to a certain type of business structure, where the business itself does not pay income tax on its profits, but instead passes them through to its owners, who are then responsible for reporting the profits on their individual tax returns. This form of taxation applies to sole proprietorships, […]