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Which expenses enter into its field? Which of the expenses, subject to the one-off tax, may be exempt from taxation? Rate. Taxable entities. Tax payment and declaring.
One-off tax on certain expenses
Which expenses enter into its field?
The expenses subject to the one-off tax are:
representative expenses;
social expenses provided in-kind to the employees and individuals on managing contracts, including voluntary insurance contribution and insurance Life;
food vouchers expenses;
expenses related with the use of vehicles for management purpose.
Which of the expenses, subject to the one-off tax, may be exempt from taxation?
In certain conditions, noted in the Corporate Income Tax Act (CITA), may exempt the following costs:
social expenses provided in-kind to the employees and individuals on managing contracts, including voluntary insurance contribution and insurance Life - up to BGN 60 each per employee per month ;
food vouchers expenses - up to BGN 60 each per employee per month ;
social expenses for transportation of the employees, including individuals under managing contracts, from home to workplace and vice versa.
Rate:
10%
Taxable entities:
the representative tax and tax associated with the operation of vehicles, when they are carried out from the management, are paid by the entity which is subject to the Corporate income tax;
the tax on social costs, provided in-kind, is paid by the employers or entities under managing contracts.
Tax payment and declaring:
the one-off tax should be declared in the annual declaration, according art. 92 from CITA. It has to be paid till 15th day of the month following the month in which the expenditure was charged.
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