Bulgarian Personal Income Tax Act

April 2011

Correct treatment of specific employees benefits according to the Bulgarian legislation

2018-03-20T15:54:51+02:00April 29th, 2011|Accounting, Bulgarian Tax Guide, Doing Business in Bulgaria, Payroll, Questions & Answers, Taxation in Bulgaria|

Q: Every year, the our company rewards the highest achieving sales employees with a trip outside Bulgaria. Employees spouses and/or partners are able to join this trip and the company pays for all charges incurred whilst the employees are on this vacation. Can you please advice about the correct treatment for these trips, also please [...]

Awarding employees in Bulgaria with different types of benefits – payroll and tax treatment

2018-03-20T15:54:51+02:00April 28th, 2011|Accounting, Consulting, Doing Business in Bulgaria, Outsourcing, Payroll, Questions & Answers, Taxation in Bulgaria|

Q: Our company is a leading trading firm registered in Bulgaria and operating in several markets in EU. We wish to stimulate our employees by awarding them with different types of non-pecuniary bonuses like TV's, computers, cars and etc. So can you please advise if this would be deemed as taxable benefit and if there [...]