Correct treatment of specific employees benefits according to the Bulgarian legislation
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 »
Posted in Accounting, Bulgarian Tax Guide, Doing Business in Bulgaria, Payroll, Questions & Answers, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting service providers in Bulgaria, Accounting Services, Accounting Services in Bulgaria, award is non-wage, Awarding employees in Bulgaria, bonuses, Bulgarian Personal Income Tax Act, business in Bulgaria, income, Market Price, non-pecuniary, non-wage, Payroll Bulgaria, payroll implications, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Personal Income Tax Act, taxable basis and respectively the advance tax, taxable benefit, Value Added Tax
Awarding employees in Bulgaria with different types of benefits – payroll and tax treatment
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 »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Outsourcing, Payroll, Questions & Answers, Taxation Tagged Accounting Bulgaria Bookkeeping, accounting service providers in Bulgaria, Accounting Services, Accounting Services in Bulgaria, award is non-wage, Awarding employees in Bulgaria, bonuses, Bulgarian Personal Income Tax Act, business in Bulgaria, income, Market Price, non-pecuniary, non-wage, Payroll Bulgaria, payroll implications, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Personal Income Tax Act, taxable basis and respectively the advance tax, taxable benefit, Value Added Tax
Health and Safety at Work in Bulgarian company overview of 2011 legislation
In Bulgaria every employer is obliged to apply the conditions of the Health and Safety at work Act and to ensure healthy and safe conditions for work of his employees. The provision of healthy and safe working conditions is to be carried out according to the nature of the activities and the requirements of the technical, technological and social development with the aim of protection of life, health and working… Continue reading »
Posted in Accounting, Consulting, Doing Business in Bulgaria, Payroll Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, Accounting Services in Bulgaria, Employees’ representatives, employer, employer Bulgaira, Health and Safety, Health and Safety at work Act, Health and Safety at Work in Bulgarian, Industrial Medicine, Minister of Health, Minister of Labour and Social Policy, technological and social development, Working conditions groups
Use of annual paid leave in Bulgaria new legislation 2011 – part II
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 »
Posted in Accounting, Bulgarian Tax Guide, Consulting, Doing Business in Bulgaria, Payroll, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, annual paid leave, Labour Code Bulgaria, Payroll Bulgaria, payroll services bulgaria, Payroll Services in Bulgaria
Use of annual paid leave in Bulgaria new legislation 2011 – part I
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 »
Posted in Accounting, Bulgarian Tax Guide, Doing Business in Bulgaria, Payroll, Taxation Tagged accounting bulgaria, Accounting Bulgaria Bookkeeping, Accounting Services, accounting services bulgaria, Accounting Services in Bulgaria, annual paid leave, Labour Code Bulgaria, Payroll Bulgaria, payroll i, payroll services bulgaria, Payroll Services in Bulgaria
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