The tax practice at Yonev Valkov Nenov is not separated from the other practices or the sector specific expertise. Appropriate tax advice is needed in virtually all commercial transactions and we provide such advice on all Bulgarian taxes: corporate income tax, VAT, excise duty, personal income tax, local taxes and fees, as well as on social security payments and customs duties. We always try to find the most pragmatic solutions, ensuring compliance with the tax regulations and avoiding to the maximum extent possible the audits or any other form of communication with the tax, customs and social security audit authorities.

We cover all corporate tax, VAT and social security issues in mergers and acquisitions, joint ventures, restructurings, and private equity deals. We propose tax-efficient solutions not only for specific transactions, but also for the entire organisation of the local business operations in different industry sectors.

With the flat corporate and personal income tax rates of 10% Bulgaria is (together with Cyprus) the EU country with the lowest taxes. The number of the enforced double taxation treaties is currently 66. If not yet a “tax heaven,” Bulgaria already offers particularly attractive tax incentives and therefore we are prepared to assist foreign investors in possible openings of local subsidiaries not only for specific business operations, but also for tax planning reasons.