Taxation, Customs & Excise (TCE)
The Taxation, Customs and Excise (TCE) line of business provides a unique outsourcing opportunity covering the full range of tax, customs and excise services, as well as accounting and payroll services.
TCE’s multidisciplinary team tailors the approach to each client based on their specific needs by offering tax structuring and advisory services in the area of indirect and direct taxation, personal income tax and transfer pricing, on a local and international level.
The team does VAT and Intrastat registrations and reporting. To ensure the correctness of the clients' input data, TCE counts on its own software product: VAT Tailor. VAT Tailor is a VAT compliance software, specially designed to simultaneously do over 40 standard and smart tests of input data extracted from any ERP / accounting system and to convert it into VAT returns ready for submission.
VAT Tailor also helps TCE during due diligence and tax reviews, as well as in the implementation of business processes and the tax coding of ERP systems.
TCE’s customs and excise professionals are specialized in consulting on onshore and offshore projects, any other customs formalities, registrations of AEO and more. Their services also cover the preparation of customs classifications, customs and excise registrations, as well as the appointment of customs agents, reporting and filing.
TCE’s litigators apply for tax rulings with the National Revenue Agency and the Ministry of Finance, for decisions about the application of the Union Customs Code with the Customs Agency, as well as in infringement procedures with the EC in the area of the tax and customs legislation. They conduct tax and customs control procedures and act as a negotiator with the authorities in tax and customs disputes.
TCE’s accounting team provides statutory compliance, bookkeeping and reporting services in accordance with IFRS, Bulgarian Accounting Standards and other reporting frameworks. Services cover regulatory and tax compliance, tax reporting and filing, financial statement preparation and tax return preparation.
TCE offers payroll services tailor-made to meet individual client requirements, including advice on employment type, employment contract preparation,employee-related filing and reporting, payroll processing for different payroll schemes, management remuneration structuring, accounting, and taxation.