Double taxation 

Authors: Ivan Toskov and Svetoslav Yordanov

The publication discusses problems related to avoiding the double taxation, often met in practice and makes suggestions for facilitating the legal regime provided in Bulgarian legislation
The authors share their experience regarding some practical aspects and problems concerning avoiding of double taxation, in accordance to European legislation and domestic Law. The basic principles for avoiding the double taxation are outlined as well as the way these are implemented in Bulgarian legislation. Special attention is paid to some essential discrepancies between the European and the domestic Law. Some of the shortcomings in the procedures conducted by the Bulgarian Tax Administration are analyzed in the article and the way these affect the local business. The authors make suggestions for liberalization of the legal regime so foreign investments to be stimulated as they would be with great significance for the Bulgarian economy under the conditions of today where there is a serious worldwide economic crisis that is going worse every day.