In Bulgaria, entertainment and protocol expenses or similar expenses are taxed Entertainment, protocol or similar expenses shall mean the following: Gifts, restaurants etc.; Expenses related to the use of company cars for personal needs. It should be kept in mind that the expenses ...

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Whether you want to set up a company in bulgaria or go to work in bulgaria, it is good to have as much information as possible about salaries in bulgaria. Here are the main points to remember. In 2023, the minimum wage in Bulgaria is BGN 933 (about EUR 460). The average gross monthly salary ...

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Here are important details regarding the Bulgarian labor law that may turn out to be important when forming a company in Bulgaria or recruiting staff. The normal weekly working time is 40 hours. According to Bulgarian labor law, paid leave is at least 20 working days per year. The ...

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BGN 933 (approximately EUR 460) per month Most of the businesses in Bulgaria pay higher salaries than the minimum salary. Social security contributions are 13% charged (and retained) for the employee and 20% charged for the employer. It nevertheless exists a social security contribution ...

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Bulgarian companies have the possibility to dismiss an employee for such reasons such as: The cut of a job as a consequence of a decline in the company's activity. Or the closure of the company; Or a disciplinary reason (an employee who does not respect the procedure in force in the ...

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It is sometimes difficult for a Bulgarian company to open a bank account in Bulgaria (or even to simply maintain the existence of an account opened with a Bulgarian bank).This difficulty is particularly sensitive for newly created Bulgarian companies or for companies owned by partners or ...

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