25 04, 2025

The New Employment Register – Transparent and Digital

2025-04-28T09:55:56+03:00April 25th, 2025|Accounting and Reporting|

As of June 1, 2025, all data concerning employees’ labor activity will be stored in a newly developed electronic register by the National Revenue Agency (NRA) – the so-called Employment Register.Data for the new register may also be submitted via the public API service.A draft amendment to the Ordinance on [...]

6 11, 2017

Contribution to the Bulgarian National Pension Fund Increased in 2018

2020-10-06T15:05:08+03:00November 6th, 2017|Accounting and Reporting|

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 [...]

26 10, 2017

Country-by-Country Reporting in Bulgaria – welcome to the Era of transparency in reporting

2020-10-06T14:57:02+03:00October 26th, 2017|Accounting and Reporting|

On 31th of October 2017, the Executive Director of the NRA with an official Order has set clear rules on Country-by-Country Reporting for companies belonging to multinational groups of companies. What is Country-by-Country Reporting: Country-by-Country Reporting (CbCR) is more than just another compliance burden. The CbCR therefore refers [...]

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