Q: Every year, the our company rewards the highest achieving sales employees with a trip outside Bulgaria. Employees spouses and/or partners are able to join this trip and the company pays for all charges incurred whilst the employees are on this vacation.
Can you please advice about the correct treatment for these trips, also please answer the following questions:
1. Is the total amount of the trip a… Continue reading »
Q: Our company is a leading trading firm registered in Bulgaria and operating in several markets in EU. We wish to stimulate our employees by awarding them with different types of non-pecuniary bonuses like TV’s, computers, cars and etc. So can you please advise if this would be deemed as taxable benefit and if there are any other payroll implications for both employee and employer. Also:
1. Can… Continue reading »
Please find below the second part of our study about the change of the Bulgaria legislation 2011 regards the Use of annual paid leave. If you have missed the first part please read it here first…
The employer is obliged to inform all employees of the approved schedule and to keep a copy thereof available to them at a suitable place in the enterprise.
- The schedule… Continue reading »
In the State Gazette, issue 18 of 1 March 2011 amendments to the Labour Code were promulgated, regulating certain disputable issues with respect to the use of annual paid leave. In relation therewith, amendments were also introduced in the Regulation on the Working Time, Rests and Leaves, promulgated in the State Gazette No 21 of 15 March 2011.
The main new aspects of relevance for employers in managing of… Continue reading »