Taxation of the services provided by card operators | KPMG | BG

Tax Analyses: Taxation of the services provided by card operators

Taxation of the services provided by card operators

KPMG’s Tax Analyses present summaries and comments from KPMG specialists on hot tax topics.


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The fifth issue in 2016 discusses the tax aspects of the services provided by foreign card operators to Bulgarian financial institutions.

The taxation of the services provided by international card operators is subject to debate and it was the focus of the latest tax audits of a number of Bulgarian banks. What lies at the heart of the debate is the accurate classification of the services with respect to (i) withholding tax (are the services within the scope of the tax?) and (ii) VAT (are the services among the specific financial transactions which are exempt from VAT?).

Read about the developments in the court and administrative practice in this area in KPMG’s Tax Analyses (in Bulgarian).

© 2017 KPMG Bulgaria OOD, a Bulgarian limited liability company and a member firm of the KPMG network of independent member firms affiliated with KPMG International Cooperative (“KPMG International”), a Swiss entity. All rights reserved.

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