February 2019

Obligation to identify beneficial owners

2019-03-12T16:31:47+03:00February 20th, 2019|Consulting|

Dear Clients, The Law on Measures against Money Laundering, adopted in 2018, and its Implementing Rules, in force since January 2019, introduce the requirements of the Directive (EU) 2015/849 of the European Parliament and of the Council of May 20th 2015 on the prevention of the use of the financial system for the purposes of money laundering [...]

April 2018

Easter Holidays in April 2018

2019-03-11T18:46:18+03:00April 4th, 2018|Accounting, Consulting, Doing Business in Bulgaria|

Dear Clients & Partners, With the present, we would like to kindly remind you for the forthcoming holidays in April 2018. We celebrate: * Easter from 6th to 9th of April including as public holidays in Bulgaria. Therefore, please be informed that our office will be closed for business on the [...]

December 2017

Tax reliefs from employment in Bulgaria

2018-03-20T15:54:45+03:00December 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+03:00December 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