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BOYANOV & Co. co-hosted a Business Breakfast on Topic “2016 – Challenges in the Field of Taxation” at Radisson Blu Grand Hotel

On 24 February 2016 in collaboration with the American Chamber of Commerce in Bulgaria (AmCham), the British Bulgarian Business Association (BBBA) and the Indian Bulgarian Business Chamber (IBBC), BOYANOV & Co. co-hosted a Business breakfast to discuss the important tax changes of 2016 and make recommendations with respect to their practical implementation and day-to-day tax compliance.

The main focus of the joint presentation with senior officers from the National Revenue Agency (NRA) was the treatment of the new “Weekend Tax”, the Foreign Account Tax Compliance Act (FATCA) rules, compliance with the EU tax legislation and Directive 2014/107/EU concerning the mandatory exchange of information in the field of taxation and their application in Bulgaria, and related OECD Common Reporting Standard rules.

Mr. Ivaylo Angelov, Senior Associate at BOYANOV & Co. specialising in tax, presented an overview of them and along with the NRA officers discussed their practical aspects.

The event evoked strong interest among the taxation experts and was attended by more than 100 representatives of local and foreign businesses operating in Bulgaria.