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Global Indirect Tax Brief: May 2012

Global Indirect Tax Brief: May 2012

This edition features updates on tax key issues and challenges in indirect tax being faced by countries around the world.
Modified date: 5/18/2012
Business and industry issue; Survey report
2012 Benchmark Survey on VAT/GST

2012 Benchmark Survey on VAT/GST

Despite the shift to indirect tax globally a new survey released by KPMG International shows that businesses are simply not keeping pace.
Modified date: 4/2/2012
Benchmarking study; Survey report
Amendments to the Tax and Social Security Procedure Code (TSSPC)

Amendments to the Tax and Social Security Procedure Code (TSSPC)

The present bulletin provides information about some of the most important amendments to the TSSPC adopted with the Law for Amendment and Supplement to the TSSPC, published in State Gazette issue 14, dated 15 February 2011, in force as of 15 February 2011
Modified date: 4/2/2012
Business and industry issue
Amendments to the Bulgarian Labour Code

Amendments to the Bulgarian Labour Code

New Amendments to the Labour Code regarding the annual paid leave were introduced and entered into force as of 1 March 2011. Below we provide a summary of the regime for use of the annual paid leave after the last amendments to the Labour Code.
Modified date: 3/19/2012
Business and industry issue
New Limitation of Cash Payments Act

New Limitation of Cash Payments Act

A new Limitation of Cash Payments Act (“LCPA”) was promulgated in State Gazette, Issue 16 dated 22 February 2011, which come into effect on 25 February 2011.
Modified date: 3/19/2012
Business and industry issue
The Bulgarian VAT System To Be Evaluated by the ECJ

The Bulgarian VAT System To Be Evaluated by the ECJ

Ivan Vargoulev, Director, leading the Indirect Tax Services of KPMG in Bulgaria published an article in the January-February 2012 edition of the leading global indirect tax magazine, the International VAT Monitor, published by the IBFD.
Modified date: 3/14/2012
Press release
2 April 2012 is the deadline for filing of tax return under TSSPC

2 April 2012 is the deadline for filing of tax return under TSSPC

The present bulletin provides information about the approaching deadline for the payers of income to foreign individuals and legal entities
Modified date: 3/14/2012
Business and industry issue
Exploring the Cloud

Exploring the Cloud

This KPMG survey examines the perceptions of the key trends of cloud on governments, its leaders and IT professionals.
Modified date: 3/9/2012
Survey report
Switzerland implements the new EU social security regulation in cross border situations

Switzerland implements the new EU social security regulation in cross border situations

The present bulletin provides information about the latest developments concerning the EU social security regulation 883/04
Modified date: 2/29/2012
Business and industry issue
IASB published a revised exposure draft "Revenue from contracts with customers"

IASB published a revised exposure draft "Revenue from contracts with customers"

As a result of the latest intensive work of the IASB there are some important forthcoming changes in the IFRSs in respect of the convergence project with the US FASB and other ongoing projects of the IASB.
Modified date: 2/24/2012
Business and industry issue
Refund of Bulgarian VAT to EU taxable persons

Refund of Bulgarian VAT to EU taxable persons

The deadline for submission of cross-border VAT refund claims by EU taxable persons has been extended to 31 March 2011 (promulgated in Bulgarian State Gazette No 96 of 7 December 2010).
Modified date: 2/14/2012
Business and industry issue
Amendments to the Local Taxes and Fees Act (LTFA)

Amendments to the Local Taxes and Fees Act (LTFA)

The present bulletin outlines some of the major amendments to the LTFA made in accordance with the provisions of the Law for Amendment of and Supplement to the LTFA.
Modified date: 2/13/2012
Business and industry issue
CEE Indirect Tax Newsletter

CEE Indirect Tax Newsletter

This new publication was designed to provide you both an in-depth analysis of the indirect tax environment in each country but also relevant hot topics from all around the region.
Modified date: 1/25/2012
Benchmarking study; Business and industry issue
Corporate and Indirect Tax Survey 2011

Corporate and Indirect Tax Survey 2011

The annual KPMG International Corporate and Indirect Tax survey compares corporate and indirect tax rates from over 125 countries, including Bulgaria.
Modified date: 1/25/2012
Survey report
Amendments of the Commerce Act

Amendments of the Commerce Act

Important amendments to the Commerce Act (CA) were promulgated in the State Gazette, issue 101 of 28 December 2010.
Modified date: 1/25/2012
Business and industry issue
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