Bulgarian Companies

Operating a business in Bulgaria involves understanding company expenses, which are essential costs for daily operations. It's important to distinguish between long-term assets and expenses; for example, a website costing 40,000 Euros is treated as an asset, with only a portion deductible annually. Similarly, property purchased for office use allows a 4% annual expense claim over 25 years. Routine costs like meals aren't company expenses unless incurred during business trips, where daily allowances apply without receipt requirements. Eligible expenses include flight tickets, hotels, and rental cars paid through company accounts with invoices. Payments must be made via company debit/credit cards or wire transfers to qualify as expenses. Monthly accounting by the 14th ensures proper VAT declaration, while unsubstantiated or personal