‘OUTSIDE IN-HOUSE’ TAX ADVISOR

Our successful approach involves providing comprehensive support to in-house teams and senior executives of our clients.

We offer full tax support for daily tasks and during tax audits, including administrative and litigation defence when necessary.

Our services also encompass tax advisory, strategic planning, liaising with state authorities such as HMRC and authorities in Germany, Sweden, and Bulgaria, and providing staff training on tax topics such as M/OSS, ICS-ICA, Incoterms, and VAT taxation in the FinTech industry.

TAX ADVISORY SERVICES

In today’s complex and ever-evolving tax landscape, timely and practical tax advice is essential for businesses and individuals to effectively plan their investments, identify potential tax risks, develop tax recovery strategies, and optimize costs.

Our in-depth understanding of the tax implications of complex business transactions and the unique tax characteristics of various industries enables us to serve as an integrated member of our clients’ teams.

We are committed to communicating technical tax concepts in an accessible manner and to developing innovative and pragmatic tax strategies to meet your needs.

Tax Planning and Tax Structuring Services

Effective tax planning is crucial for optimizing costs. Our experience in tax planning across a range of circumstances has demonstrated that a thorough analysis of tax consequences, particularly in the context of multinational transactions, can significantly reduce tax costs, minimize administrative burdens, and increase the likelihood of successful tax recovery.

We work closely with our clients to structure and negotiate their transactions and to secure tax benefits under applicable tax treaties.

Our hands-on approach helps our clients to maximize tax efficiency and ultimately help them achieve and exceed their business objectives.

Tax Audits Assistance

Our team has extensive experience in providing assistance during tax checks and audits, primarily in Bulgaria and occasionally in the UK, Germany, and The Netherlands. Engaging professional tax audit assistance from the outset can help mitigate potential adverse tax consequences.
We support our clients throughout the audit process by reviewing audited transactions, providing forward-thinking guidance on potential exposures and benefits, attending meetings with revenue authorities, offering instant professional support through dedicated employees, and preparing related documents, objections, appeals, and more.

Tax Litigation Services

We provide comprehensive representation services in tax disputes before revenue authorities and courts in Bulgaria.
A successful resolution of a tax dispute requires a deep understanding of applicable tax practices and a clear strategy for navigating each stage of the tax litigation process. We have a proven track record of winning tax cases, including cases that have had a significant impact on Bulgarian tax practice.

Tax compliance

Even minor errors in tax reporting can accumulate over time and result in significant tax exposures and unexpected costs. To help our clients optimize their VAT compliance costs, we offer VAT compliance, VAT recovery, and VAT data analysis services in several European countries, including the UK, Germany, Luxembourg, Ireland, Switzerland, and The Netherlands.
We are skilled in reviewing clients’ tax records and diagnosing ERP software to identify tax inconsistencies and provide solutions for mitigating or eliminating risk areas.
We also assist companies and individuals in preparing their tax returns.

Tax trainings

We provide customized tax training to meet the specific needs of our clients’ businesses. In addition, we offer training on hot topics in response to significant changes in tax legislation and practices.

Advance notification

Employers are typically required to notify the competent authorities in the destination country before sending their employees on business travel to Europe. Failure to file the required advance notification can result in severe penalties for employers, with fines reaching up to EUR 500,000.

We can assist clients in determining whether a declaration or notification is required in their specific circumstances and, if necessary, support them in preparing and filing the required documentation.

Identification of posting requirements

When posting employees to work in another country in Europe, employers must ensure that their employees receive the labour conditions required by the destination country.

These conditions may include remuneration, overtime rates, work hours and rest periods, paid annual leave, health and safety measures, and reimbursement for travel, board, and lodging costs. Labour conditions vary across Europe, streaming from numerous legal sources and changing dynamically.

With the support of posting experts in many European countries, we are well-equipped to guide businesses in arranging lawful postings of their employees.

PD A1, Assignment Letter & Other Documents

Before the start of the posting the employers must ensure that their posted employees are provided with a Portable Document A1 and an Assignment Letter. These documents will be required during inspections in the destination country.

A properly drafted Assignment letter is essential for minimizing potential penalties and reputational risk for non-compliance as well as for preventing adverse tax implications.

Many destinations countries also require employers to maintain time sheets, pay-slips and other posting related documents for inspections. In some countries they should be translated into local languages, drafted, and formatted according to specific requirements, etc.

We are available to assist with the preparation of posting documentation and to provide related advice.

IMMIGRATION, TAX AND
SOCIAL SECURITY COMPLIANCE

Business travel to Europe by non-EU employees typically requires advance preparation of visas, work permits, and residence permits issued by the destination country. We can provide assistance with immigration-related issues in Bulgaria, including representation before the competent authorities.

In addition, the posting of workers, whether from within or outside the EU, may have tax and social security implications. We are available to provide professional assistance and advice in these areas as well.

DOCUMENT STORAGE AND REPRESENTATION

Most European countries require employers to retain documents for inspection not only during but also for a certain period after the posting of their employees.

Each country has its own rules regarding the retention and storage of posting documents. Some countries require employers to appoint a local representative, such as a certified accountant or lawyer, to maintain these documents on-site and present them to local authorities upon request.

We are well-equipped to provide assistance in these matters.