About Latchezar Georgiev

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So far Latchezar Georgiev has created 164 blog entries.

December 2017

Tax reliefs from employment in Bulgaria

2018-03-20T15:54:45+02:00December 14th, 2017|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Consulting, Payroll, Questions & Answers, Taxation|

From this year on, a new declaration for lack of public liabilities must be filled for those employees who would like to benefit from tax relief. According to the Personal Income Tax Act (PITA), every taxable person who has no mandatory public obligations at the date of submission of the annual tax return can submit [...]

Amendments to the Ordinance on working hours, breaks and holidays – can we allocate part of our working time?

2017-12-07T12:16:46+02:00December 7th, 2017|Accounting, Bulgarian Laws in English, Changes in Legislation, Consulting, Payroll|

With the State Gazette № 41 have been adopted amendments to the Ordinance on working hours, breaks and holidays. Its purpose is to refine the legislation regarding the calculation on working time in aggregate. The new changes shall be effective from 1 January 2018. They clarify the way in which the regime of aggregated working [...]

November 2017

Contribution to the Bulgarian National Pension Fund Increased in 2018

2018-03-20T15:54:45+02:00November 6th, 2017|Accounting|

Dear Clients and Partners, Hereby, we would like to highlight the following changes drafted by the Parliament into the social security contributions foreseen to be in force from 2018: Pension fund to be increased with 1 %, currently 18.8% to 19.8% for people born before 1 January 1960 and from 13.8% to 14.8% [...]