Bulgaria to Marginally Up Minimum Wage, Pensions

The Bulgarian government will update the minimum wage for the country from BGN 240 to 270 and will make a similar rise in retirement pensions, according to Minister of Labor Totyu Mladenov. Mladenov stated the rise will be active starting July 1, and that a formal decision is to be taken between June 15-20 at a sitting of the three […]

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Publication of Annual financial reports

Publication of Annual financial reports Companies in Bulgaria are obliged to declare their annual reports at the National revenue agency (NRA)/ Националната агенция за приходите (НАП) and at the National Statistical Insitute (NSI)/ Национален Статистически Институт (НСИ) before the 31st of March of the year following the booking year. Besides these declarations companies should publish […]

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Tax Freedom Day Arrives in Bulgaria on May 4

Bulgarians will work to pay their taxes until May 4, 2011, according to a publication of the Institute for Market Economy. The so-called “Tax Freedom Day” is a symbolic date when employees stop working for the State treasury and begin earning for themselves. In Bulgaria, this day traditionally falls in May, and its earlier arrival […]

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