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 »
Posted in Payroll, Questions & Answers Tagged bulgarian labor code, Payroll, Payroll Bulgaria, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Payroll Services in Bulgaria
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 »
Posted in Doing Business in Bulgaria, Payroll, Questions & Answers, Taxation Tagged bulgarian labor code, business in Bulgaria, labor contract bulgaria, Payroll Bulgaria, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Tax Services in Bulgaria, taxation bulgaria
You Think That Outsourcing Your Payroll Is Not a Very Good Idea? We Believe That This Is The Most Affordable and Wise Decision You Can Make! – Part II
We will continue now our last post
4. Speed. Speed is essential matter in the payroll processing, because most of the times there are deadlines involved. When you outsource your payroll in most of the cases you work with specialists and professionals who have a vast experience, modern software and a lot of other resources which make their job easier and more convenient.
5. Productivity. Payroll management… Continue reading »
Posted in Consulting, Doing Business in Bulgaria, Outsourcing, Payroll, Questions & Answers Tagged Bookkeeping, Consulting, Outsourcing, Payroll, Payroll Bulgaria, Payroll in Bulgaria, Payroll Services, Payroll Services in Bulgaria
You Think That Outsourcing Your Payroll Is Not a Very Good Idea? We Believe That This Is The Most Affordable and Wise Business Decision You Can Make! – Part I
In these hard times for the world economy, business is struggling to optimize its expenses and minimize the costs involved into the everyday administrative activities. This is absolutely understandable and eligible and sometimes leads to a much better performance of the companies which save wisely and according to a correctly built priorities system.
Nevertheless, there are some activities that business cannot afford to save from. It can be even… Continue reading »
Posted in Accounting, Consulting, Outsourcing, Payroll Tagged accounting service providers in Bulgaria, Bookkeeping, business in Bulgaria, Outsourcing, Payroll in Bulgaria, Payroll Services, payroll services bulgaria, Payroll Services in Bulgaria
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
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