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ACCOUNTING SERVICES BULGARIA

NEWS

News and updates on legislative frameworks and administrative practices that may affect your business

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April 19, 2016

The planned increase in the minimum wage in July is canceled

 

At the end of 2014 the Government decided the amount of the minimum wage from January 1-st 2015 to reach 360 BGN, and from July 1, 2015 -380 BGN.

July 6, 2015

from January 1-st, 2015 - new calculation of maternity compensations

According to the new way of calculating the maternity compensation amount, instead of 90% of the incomes from the previous 18 months, the maternal compensation will be already 90% of the incomes for the past 24 months.

July 6, 2015

From July 21-st all tickets will be sold with receipts

Traders and institutions that issue tickets, including for museums, sport events, concerts, for the use of sunbeds, beach umbrella, etc., Will be obliged to issue a receipt from July 21-st. They will be liable to report and record their sales through fiscal devices.

June 12, 2015

The Government cut state taxes

The Government has changed considerably the amount of a large part of the state fees collected by the Registry Agency in order to reduce the administrative burden. As a result of the reduction, nearly 4.1 million BGN will remain in business and citizens.

June 12, 2015

By the Fall the temporary employment in Bulgaria will be regulated

By the fall the temporary employment in Bulgaria will be regulated, announced the Minister of Labour and Social Policy - Totyu Mladenov on a  discussion forum "Guidelines on the application of Directive 2008/104 EU for temporary work in the Bulgarian practice."

May 18, 2015

How can farmers reduce with up to 60% the corporate tax?

European Commission approved state aid scheme, aimed at investment incentive for farmers by remise a part of the corporate tax. The relief applies from 2010.

May 18, 2015

Health contribution will not increase for the private sector

The health contribution will not increase for the private sector, but social security and health insurance will be deducted from the salaries of all civil servants.

May 18, 2015

It is possible additional bonuses to be added for each additional year of insurance service?

There exists a possibility to be thought about additional bonuses for length of insurance service. This  might probably lead to retention of people in the labor market.

May 6, 2015

Corporate debt

 

Over 8,000 are the companies, which have not paid the income tax till the present moment.

May 6, 2015

Changes in provisions for Reverse charge of VAT?

Several days ago, during a meeting of the financial ministers of Central and Eastern Europe, Bulgaria expressed its readiness to support the reverse charge of VAT for transactions with higher value, achieved in the EU.