Questions & Answers

September 2019

European (EU) Blue Card – job opportunity in Bulgaria

2019-09-20T10:19:23+03:00September 20th, 2019|Questions & Answers|

European Union provides to every resident a number of advantages in terms of independent choice - rights to move, reside and work freely within the territory of the Member States.How about the third-country residents such as Ukraine and Russia? Are they also entitled to move within the EU having similar rights and [...]

January 2018

Annual leave entitlements

2018-03-20T15:54:45+02:00January 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

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 in Bulgaria|

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 [...]

February 2016

Important changes in labour and tax legislation 2016

2018-03-20T15:54:45+02:00February 3rd, 2016|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

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 [...]

May 2013

Nature and Types of Transfer Pricing – Part II

2018-03-20T15:54:45+02:00May 22nd, 2013|Accounting, Clients Showcase, Consulting, Questions & Answers|

(continuing from Nature and Types of Transfer Pricing – Part I) When making inter-company deliveries at market prices, all of the divisions can realize profit. The amount of the profit is a true indicator for the effectiveness of their activity. The market price is a criterion for the profitability of the whole chain of inter-company [...]