Resources Taxing and accounting Tax optimization

Tax optimization

Tax optimization can be achieved on a corporate as well as on a persona level. For this you will need an experienced accountant who can manage the company revenue and expense in order to ultimately achieve a more favorable taxable income. Accounting laws differ slightly between countries in the EU and more drastically between Bulgaria and countries out of the EU. This means that what works in terms of tax optimization for your company in your country of origin may not always apply to your local company.

A good example of this are the so called representative expenses of the company like dinners, gifts and clothes. In Bulgaria these expenses are taxed with a 10% tax paid on a monthly basis while in many EU countries such expenditures are not taxed.