The Paid Annual Leave

The paid annual leave is a period of time, when the employee is not obliged to execute his labor obligations, but is entitled to a monetary compensation – proportional to his salary.

The right to use paid leave can be exercised only, when there is an employment relationship, and when the employee/worker gives to the employer a paid leave request. In case the employment relationship is terminated and the… Continue reading »

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Posted in Payroll, Questions & Answers | Tagged , , , , , , |

Insurance Of An Owner of Solely Owned Limited Liability Company With Second Labor Contract

Recently we received a question from a visitor at our website which was the following:

“I am a sole shareholder of a limited liability company. In the company I have appointed a director, who I insure. I work on a labor contract with another employer, who insures me for all insurance cases. My question is, when I am insured from this employer, should I insure myself additionally in the

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Posted in Clients Showcase, Questions & Answers | Tagged , , , , , , , , |

Important Changes in Labour Legislation For Year 2013 – Part II

Dear clients and partners,

As from 1st of January 2013, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we have prepared a brief summary of all the amendments and supplements in the payroll area

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Posted in Bulgarian Laws in English, Changes in Legislation, Consulting, Doing Business in Bulgaria, Payroll | Tagged , , , , , , |

Sb Accounting & Consulting Is With New Address

Dear Clients, Partners, Suppliers and Associates,
We, Sb Accounting & Consulting, are happy to inform you that we have changed our office address from 70’ Tzaribrodska Street to 46-48’ Opalchenska Street, fl. 7. For more detailed directions, please see section “Contacts” on our website.
In this connection, we are kindly asking you to redirect all the mail correspondence to the new address, as well as to take all the necessary… Continue reading »

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Posted in Accounting | Tagged , , , , , , , |

Obtaining Work Permits by Foreigners When Hired In Bulgaria – Part I

We will first start with the cases when work permits are not requested. These are the cases when:
- The persons who have permanent residence permit in Republic of Bulgaria or who have status of a refugee or humanitarian status;
- The persons are hired or have been sent to work on the grounds of international contract to which Republic of Bulgaria is a side, in case when there is… Continue reading »

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Posted in Doing Business in Bulgaria, Payroll, Questions & Answers, Taxation | Tagged , , , , , , , , |