Tax and Finance Committee

Mission:The mission of the Tax and Finance Committee is to promote a modern tax framework based on best international practices, facilitate the correct and transparent implementation of the tax legislative system, and enhance stability and predictability in the tax system to support the positive development and growth of the Bulgarian economy.
ChairMr. Milen Raikov, EY Bulgaria
Goals– Identify and promote changes in the Bulgarian tax legislation and administration with the aim of making it more predictable and competitive;
– Assist membership in their efforts to bring about positive change in the tax framework;
– Assist the membership in achieving a direct dialogue with decision makers;
– Provide members with the opportunity to keep up-to-date with tax changes and key developments by organizing seminars, roundtables and other forums for exchange of best practices;
– Build a sustainable community of financial professionals
2020 ActivitiesJune 26, 2020
On June 26th, 2020, AmCham Bulgaria sent an official position with regard the recently voted amendments and supplements of the VAT Law. The letter was sent to the Parliament, the Council of Ministers (Prime Minister, Deputy Prime Minister Dontchev, Minister of Finance, Minister of Economy). The text was prepared by the Tax Committee of AmCham. Read more HERE or download the official letter of AmCham BG re VAT Law Amendments (in Bulgarian).

May 26, 2020
On May 26th, 2020, the AmCham Digital Economy and Tax Committees held a joint webinar with guest speakers from Dobrev & Lyutskanov Law Firm and Ernst & Young Bulgaria.
1. Lyuben Todev, Senior Associate, Dobrev & Lyutskanov Law Firm, delivered a presentation with focus on:
“Protection of software applications. Free software licenses.”
2. Viktor Mitev, Associate Partner, Ernst & Young Bulgaria, and Milen Raikov, AmCham Tax Committee Chair and Partner at Ernst & Young Bulgaria, delivered a presentation with focus on:
Tax Incentives for IP
Transfers of IP from tax perspective
Tax aspects of Hard-to-value-intangibles (HTVI)
2018 ActivitiesJune 5, 2019
On June 5th, 2018, AmCham Tax and Finance Committee held a meeting with topic “Measures for combatting the shadow economy” and discussed topics for future meetings of the Tax Committee. Speakers of the meeting were Milen Raykov, AmCham Tax and Finance Committee Co-chair and Partner, Tax, Law, EY Bulgaria, Albania, Kosovo and Macedonia, Iva Dimitrova, Tax Manager, EY Bulgaria, and Silvia Hadzhiyaneva, Director, Public Policy – Europe, Mastercard.
2016 ActivitiesJune 15, 2016

Topic: Amendments to the New Accountancy Act of Bulgaria: Requirements for Non-financial Reporting for Large Public-interest Entities
Speaker: Klimentina Rasheva, Managing Partner, denkstatt

January 21, 2016AmCham Tax and Human Resources Joint Committee Meeting

Topic: Supply of Staff Arrangements in Companies Part of International Groups – Tax, Accounting and Legal Aspects

Evelina Evtimova, Corporate Tax
Valentina Lukova, Global Employer Services/Tax Services
Alexandrina Alexandrova, Accounting and Payroll
Zvezdelina Filova, Attorney-at-law
Deloitte Bulgaria EOOD and Deloitte Legal Law Firm

2015 ActivitiesMay 20, 2015

Topic: The future of VAT through the eyes of OECD

Speaker: Vladislav Handzhiev, Tax Manager, AFA OOD

Optional new relief under the US Double Taxation Treaty
Speakers: Milen Raikov, Executive Director Tax and Law, EY Bulgaria

2014 ActivitiesMarch 5, 2014

Topic: Insights into the new Act on the Economic and Financial Relations with Companies Registered in Preferential Tax Regime Jurisdictions, the Persons Related to Them and Their Beneficial Owners.

Speaker: Peter Stanchev, Manager, Legal Advisory, KPMG Bulgaria

January 29, 2014Topic: Basics of Foreign Account Tax Compliance Act (FATCA). FATCA insights.
Mr. Ivan Antonov, Chief Legal Advisor, National Revenue Agency
Ms. Svetlana Stoilova, Tax Senior, EY Bulgaria

2013 ActivitiesDecember 18, 2013

Topic: Changes in the tax legislation for 2014
Speaker: Mr. Orlin Hadjiiski, Tax Director, PwC Bulgaria

Archive Previous YearsVAT Regulation Entered into Force as of 1 July, 2011

The Food Vouchers in Bulgaria /brief presentation/

Food Vouchers Issuance in Bulgaria: Economic and Fiscal Impact ENG
Food Vouchers Issuance in Bulgaria: Economic and Fiscal Impact BG

Food Vouchers presentation


News from this committee

AmCham Bulgaria Activities 2020


Back in 2020 (and onwards) COVID-19 significantly impacted our personal lives. The AmCham Board managed to follow their duties and to make strategic decisions. COVID-19…