Is it mandatory to pay authorities in Bulgaria?

It is mandatory that employees are paid from an account held by the employer, but it is not mandatory to pay the authorities or employees from a Bulgarian bank account.

Is it legal to provide online payslips in Bulgaria?

In Bulgaria, it is legally acceptable to provide online payslips to employees as long as they confirm receipt. However, payslips are typically provided on paper and the employee signs the payslip. It is important to note that payroll reports must be kept for 50 years.

Is Bulgaria a destination friendly for investors?

Bulgaria is a growing economy and the government has taken steps to present Bulgaria as a friendly destination for investors. One of the incentives is the 10% flat corporate tax rate, and investors can also benefit from reduced corporate tax when investing in backward regions (less industrialized) or regions with high unemployment.

Is Bulgaria a member of the European Union?

Bulgaria is a member of the European Union and enjoys tariff-free access to trading partners in other member states. Bulgaria is also a member of NATO, the Council of Europe, the UN, and the OSCE, and was ranked 61 on the World Bank’s Ease of Doing Business Survey 2019.

Where is Bulgaria located?

Bulgaria is located in south eastern Europe and is bordered by Romania to the north, Serbia and North Macedonia to the west, and by Greece and Turkey to the southwest and southeast. Bulgaria’s eastern coastline meets the Black Sea,\n offering trade links with the rest of Eastern Europe and the Near East.

What is paid leave in Bulgaria?

Paid leave in Bulgaria is set in the employment contract as a minimum of 20 working days paid leave a year, following the completion of four months of service. Public holidays that fall on the weekend are moved to the first or the first two business days following that holiday as time off in lieu.