21.02.2020
Ilieva, Voutcheva and Co. Law Firm worked for Mr. Gordon Howard Peters – a Canadian citizen. The client intends to settle down on a permanent basis in Bulgaria. Hence, Mr. Peters required our legal advice concerning the tax planning and structuring of his income from national sources. His income was from consultancy services remuneration in Bulgaria.
Our client was a resident for tax purposes both in Bulgaria and Canadia. Hence, in order to avoid double taxation, we advised our client to initiate a procedure for the application of Bulgaria-Canada double tax treaty.
At the end, the goal was Mr. Peters to be entitled to pay personal income tax only in Bulgaria. Our tax team advised the client on conditions for tax relief under the above-mentioned double tax treaty.
