Questions & Answers

January 2018

Annual leave entitlements

2018-03-20T15:54:45+03:00January 29th, 2018|Accounting, Bulgarian Laws in English, Changes in Legislation, Payroll, Questions & Answers|

Annual leave entitlements Regular paid annual vacation is a right to every employee in Bulgaria. It is in the interest of both the employer and the employees, before the expiry of the calendar year to execute written documents for postponing the use of the unused days of paid annual leave due to the respective [...]

December 2017

Join Sb Team: Charity is for life, not just for Christmas !

2018-03-20T15:54:45+03:00December 18th, 2017|Clients Showcase, Questions & Answers|

For many people, Christmas is a wonderful time of year when we get to spend quality time with our loved ones. However, for hundreds of families in Bulgaria, this time would not be defined as a celebration at all. We, from Sb Team, are giving our best to support and encourage people with disadvantages in [...]

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 [...]

June 2016

Slovenian Honorary Consulate Opens Doors in Bulgaria

2018-03-20T15:54:45+03:00June 14th, 2016|Consulting, Doing Business in Bulgaria, Incorporation, Outsourcing, Questions & Answers|

On the 1st of June 2016 an honorary consulate of Slovenia was officially opened in the Bulgarian capital city Sofia. The diplomatic representation will have a consular district covering the entire territory of Bulgaria and the position of honorary consul is assigned to Mr. Nikolay Vasilev, former minister of the state administration and of [...]

February 2016

Important changes in labour and tax legislation 2016

2018-03-20T15:54:45+03:00February 3rd, 2016|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Doing Business in Bulgaria, Questions & Answers, Taxation|

Dear clients and partners, As from 1st of January 2016, 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 [...]