Tax

Tax policies and tax regulations are always of strategic importance to our clients in conducting their business and investment.

Tax is a major concern for all businesses and individuals. There are tax related aspects in each transaction and business venture, both at the stage of its structuring and set-up, as well as in the course of its implementation.

Our tax expertise and knowledge is built up in many years of advising our clients on complex transactions, mergers and acquisitions, intra group restructurings, as well as on-going day-to-day advice on corporate governance of various forms of establishments in Bulgaria.

Our aim is to render highly effective and practically oriented taxation legal advice, which will help our clients achieve their objectives. We advise our clients on major tax-related issues, including:

  • general corporate and commercial tax matters
  • VAT registrations and VAT issues
  • tax aspects of mergers, acquisitions and restructurings
  • tax advice in financing transactions
  • general advice and reviews on direct or indirect tax liability and compliance procedures
  • application of agreements for avoidance of double taxation.

The results we have achieved in the area of taxation come along with our legal experience accumulated in other practice areas, such as Corporate and M&A  Insolvency and Reorganisation, Commercial, Regulatory, Real Estate.

Recent work:

Železárni Veselí

We have provided full legal support to the establishment and local operations of the Czech-headquartered steel holding company Železárny Veselí. We have acted on behalf of the client on the following major assignments:

  • Incorporating the joint venture structure of four Bulgarian companies in which the Czech investor holds 76% of the share capital
  • Drafting the agreements required for the operation of four photovoltaic power plants with a total capacity of 20 MWp
  • Representing the borrower on the financing of the four Bulgarian companies by a Slovak bank
  • Providing litigation advice on the feasibility of challenging the recently-introduced access fee for photovoltaic power plants in the country.

© New Balkans Law Office 2018