New restrictions on public gathering in Bulgaria are in force as of 21 October 2021 as the 4th wave of the COVID-19 pandemic expands to the levels of the spring of 2020. They are imposed by an order of the Minister of Health within the...
From 7 September 2021 to 31 October 2021 events involving gathering of people are restricted with the view to prevent further acceleration of the COVID-19 pandemic in Bulgaria pursuant to Order RD -01-748/02.09.2021 of the Minister of Health. Conferences, seminars, symposium, trainings and other events are...
As digital money continues to gain popularity and supporters, Bitcoin and Ethereum regularly making global news, it might seem that the tax law is yet to regulate the proceeds of this seemingly innovative source of income. While business only recently started opening up to the...
In line with the revision of the Anti-Money Laundering Act in January 2021 regarding wholesalers (Wholesalers no longer required to report), the scope of the compliance obligations is further reduced with the next amendment announced today (State Gazette, issue 21 of 12.03.2021). The aim of...
On February 22, 2021 the Managing authority of Operational Program Innovation and competitiveness announced the start of the projects’ selection under the Procedure “Support for small enterprises with turnover exceeding BGN 500 000 to overcome the economic impact of the Covid-19 pandemic”. The applications may be submitted until 15th March. The procedure aims to provide operating capital to the...
As of 1 March 2021 employers will be required to notify the National Revenues Agency about the grounds of the employment termination, as well as about secondment or posting their employees to work temporarily in another EU country as per Article 121a, Para 1, item...
The Bulgarian Anti-Money Laundering Act is amended to remove the wholesalers as a category of legal entities, which are required to comply with a special regime of investigating and reporting business partners to prevent money laundering. The revision is published in the State Gazette №...
On October 15, 2020 the Managing authority of Operational Program Innovation and competitiveness announced the start of public consultation of the procedure for the selection of projects Adapting the business activity of SMEs in the context of COVID-19. The procedure aims to support the SMEs to reorganise...
On 29 September 2020 the Bill amending the Public Social Insurance Budget Act for 2020 was promulgated at the Official Gazette No 84. It increases the amount and the duration period of the unemployment benefits, effective as 1 October 2020 as a part of the...
New state aid will be available to the small and medium-sized enterprises in the field of tourism and bus transport to mitigate the negative impact of COVID-19 crisis. In the middle of September 2020, the Managing authority of Operational Program “Innovation and competitiveness” (OPIC) announced the start of the application campaign for proposals of projects in support of micro, small and medium-sized enterprises (SMEs) carrying out their business activity in the field of tourism and coach...