“TAXATION OF NGOs” and “NGOs AND VAT”

Two new books “Taxation of NGOs” and “NGOs and VAT” have been recently published by the Bulgarian Center for Not-for-Profit Law (BCNL) with the support of the International Center for Not-for-Profit Law (ICNL), funded by United States Agency for International Development.

They are a part from the series of materials published by BCNL, which aim to clarify different legal aspects of the activity of NGOs and present the current tax regime of NGOs for 2004.

The two issues are designated to give answers in clear and understandable language to a great number of questions, related to the tax obligations of NGOs.
“Taxation of NGOs” includes questions and answers on the general tax liability for all taxable persons, the taxation of economic and non-profit activity, the taxation of donations and donors, etc.

“NGOs and VAT” contains an analysis of the general concepts related to VAT, the VAT mechanism as there has given interpretation to the incredibly important issue of exemption form VAT of taxable deliveries made under international treaties in which Bulgaria is a party.

The authors of the books, who are experts at the Ministry of Finance and the Supreme Tax Directorate, have made their efforts to present the possibly most entire picture of the taxation of NGOs in Bulgaria.

The goal of BCNL is these books to serve as useful manuals for managers, accountants and other people involved in the activity of NGOs. For more information about the publications please refer to the section PUBLICATIONS AND ANALYSES/ PUBLICATIONS.