Concealment of social mandatory contributions in large size (over 3 000 BGN) is criminalized. Employers who do not pay contributions on real wages of its employees could face fines and imprisonment from 1 to 6 years.
Recent Posts
June 9, 2025
BUSINESS IN BULGARIA
Bordering both the European Union (EU) and Asia, Bulgaria’s strategic geography makes it an appealing location for foreign-owned businesses. With a thriving resources sector dominated…
June 6, 2025
Taxation of employees’ bonuses in Bulgaria
Bonuses are an excellent way to incentivise employee performance, retain a loyal workforce, and solidify your reputation as a company that truly values its staff.…
May 6, 2025
The Schengen Zone: Benefits for Businesses in Bulgaria
Since March 31, 2024, air and maritime border controls between Bulgaria, Romania, and the Schengen Area have been lifted. On January 1, 2025, both countries…