KBC Bank opens current accounts for local and foreign companies, in Bulgarian leva and in foreign currencies - Euro, US dollars, Swiss francs, British pounds, Danish krones, Japanese yen, Norwegian krones, Swedish krones, Romanian leu, Polish zloty, Canadian dollars, Australian dollars, Hungarian forints and Czech krones.

Information on account movements and balances can be obtained in different formats and via different channels.

*Cash operations are offered for accounts in leva, euro, US dollars, British pounds and Swiss francs.

According to the current Corporate Income Tax Act, foreign legal entities that do not have a permanent establishment in Bulgaria must pay a 10% withholding tax on certain types of income generated in Bulgaria, including income from interest on bank accounts.

In view of the above, KBC Bank withholds 10% of the interest paid on client bank accounts and deposits.

Note: Taxation can be avoided if there is an agreement to avoid double taxation between Bulgaria and the relevant country where the foreign legal entity is registered. In order to avoid taxation or obtain tax exemption, a foreign company must submit to the bank a document issued by the local tax authorities and certifying its status of a resident of the other country, a declaration by the company itself that it is the ultimate recipient of the income and that it has no a permanent establishment in the Republic of Bulgaria, and the company must also attach a document verifying the representative power to the persons who have signed the declaration.