The labor book is a mandatory official document with the employment history of each employee/worker. According to labor legislation, when an employee/worker starts work for the first time, it is the employer who is obliged to provide one with a…
DEADLINE 2nd of October 2023 Аccording to the joint order of the National Statistical Institute (NSI) and the National Revenue Agency (NRA) from January this year, a company can submit, after the statutory deadline, a one-time corrected data in its…
Latest changes that entered into force on 01.08.2023 in connection with the Law on the State Budget of the Republic of Bulgaria for 2023 and State Social Security Budget Law 2023 affect Insurance, Social Benefits and Social Security. Amendments in…
On 14.07.2023 the National Assembly of Bulgaria adopted new amendments to the Measures against Money Laundering Act (MAMLA), which aim to achieve compliance with the Directive 2018/843 of the European Parliament and of the Council of 30 May 2018. The…
As of 01.08.2023 a new important amendment in the Bulgarian VAT Act was adopted and entered into force. The amendment is as it follows: If at the end of each quarter of a financial year the total amount of: –…
Eurofast would like to draw your attention to a new mandatory procedure that you might need to implement in your Bulgarian company. We are going to share with you a brief description of the procedure and requirements with an emphasis…
The article defines irregular working hours, how the rights and obligations of the employer and the employee are regulated by the law; how irregular working hours are accounted for and whether they are different from overtime. First and foremost, irregular…
Shares represent securities that are part of the capital of a trading company. In this article, we will look at the possibility of providing shares to employees and what the benefits are. Granting employees shares is a strategy to inspire…
A few weeks ago, several amendments in the business trips regulations of employees in Bulgaria were promulgated and have been entered into force. As most of professionals know a business trip is related to the temporary change of the place…
In October 2022, a “Directive of the European Parliament and of the Council on adequate minimum wages in the European Union” was approved to improve living and working conditions in the Union and, more particularly, the adequacy of minimum wages…