In fact, a survey conducted in 2023 found that two thirds of Bulgarian employers do provide Christmas bonuses for their employees.

In this article, Leinonen Bulgaria will explore the business, tax, and payroll implications of offering Christmas bonuses in Bulgaria.

How do Companies Provide Christmas Bonuses in Bulgaria?

Christmas bonuses in Bulgaria may be provided in the form of a cash bonus or a non-cash gift, but cash bonuses are more common and well received. Many companies choose to provide employees with an additional month’s salary as a Christmas bonus – this is known as ‘13th-month salary’. Non-cash gifts such as vouchers or gift baskets are also appreciated, but are typically given alongside a cash bonus, not instead of.

Taxation of Christmas Bonuses in Bulgaria

How are Cash Bonuses Taxed?

Cash bonuses in Bulgaria are taxed in the same way as regular payroll. In practice, this means Christmas bonuses are subject to 10% Personal Income Tax (PIT) and social security contributions. To find out more on how cash bonuses in Bulgaria should be taxed, read Leinonen’s previous article here.

How are Non-cash Gifts Taxed?

If a non-cash gift is a job related essential (e.g., a headset or laptop bag), they could be considered tax deductible for the company and recorded as ‘office supplies’. Other Christmas related expenses are not usually tax deductible, and may be recorded as ‘representative’.

Sometimes, small gifts to employees (e.g., a branded mug) may be non-taxable, but Bulgaria does not have an official allowance for tax free gifts. As the rules are not always clear in this area, it is important to seek support from an expert on tax in Bulgaria to avoid confusion and avoidable penalties.

Are Christmas Expenses Deductible for Corporate Income Tax (CIT) Purposes?

As a general rule, Christmas expenses are not deductible for CIT purposes. To find out more on tax in Bulgaria, including regulations surrounding Personal Income Tax (PIT), CIT, withholding tax, Value Added Tax (VAT) and more, read Leinonen Bulgaria’s previous article here.

Christmas Bonuses and Payroll in Bulgaria

How Should Christmas Bonuses be Disbursed for Payroll Efficiency?

Bonuses are processed through regular payroll in Bulgaria, so there are no additional obligations related specifically to bonuses. Christmas bonuses should be calculated and disbursed at least a week before Christmas to ensure they reach employees in time for the holiday.

What Supporting Documentation is Required?

• Cash bonuses do not require any supporting documentation
• Invoices must be provided to support non-cash gifts

What are the Implications of Paying Bonuses in January?

Bonuses are generally better received by employees when they are provided in December, in time for the holiday season. If bonuses are paid in January, they may also come out of the company’s budget for the next financial year.

Get Informed on Christmas Bonuses in Bulgaria With Leinonen

Establishing a successful presence in Bulgaria requires deep knowledge of not only the country’s laws and regulations, but also its business landscape and work culture. The end of the year is always a busy time, but with clear policies, efficient reporting, and streamlined payroll processing, your foreign-owned business in Bulgaria will be able to manage Christmas bonuses with ease and free from potentially costly errors.

For more than 16 years, Leinonen Bulgaria’s accounting, tax, and payroll specialists have been equipping foreign-owned businesses in Bulgaria with the expertise they need for success in a new country. Every business is unique, and our small team of true local experts has supported 80+ clients with high quality, personalised financial services.

For accounting, tax, and payroll support you can trust as a foreign-owned business in Bulgaria, organise a consultation with a Leinonen Bulgaria expert today.

The post Christmas Bonuses in Bulgaria: A Guide for Foreign-owned Businesses appeared first on Leinonen Bulgaria.

If you are setting up a company or branch of a foreign-owned business in Bulgaria, it is vital you understand the relevant tax regulations. Staying up to date will mean avoiding penalties and inconveniences, so your business can continue running smoothly for many years to come.

In this article, we will discuss:

1. Tax in Bulgaria: The Basics
2. Direct taxes in Bulgaria
3. Indirect taxes in Bulgaria

To get true peace of mind and ensure you are well-versed on the very latest regulations affecting your business, get in touch. We will organize you a consultation with one of Leinonen Bulgaria’s tax and accounting experts, who specialize in the nuances of foreign-owned business in Bulgaria.

Tax in Bulgaria: The Basics

Taxable Profits in Bulgaria

Taxable profits are profits made from:

• Business operations
• Investing
• Chargeable gains
• Financing, leasing, etc.

Bulgaria-based international businesses are subject to paying taxes on profits from both Bulgaria and abroad, but businesses with a branch or office in Bulgaria are subject to paying tax only on profits made from its operations there.

Direct and Indirect Taxes in Bulgaria

There are two main categories of taxes that may apply to foreign-owned businesses in Bulgaria – direct and indirect.

Direct taxes are:

• Personal income tax on the revenue of individuals
• Corporate tax on annual tax returns
• Withholding tax

Indirect taxes are:

• Excise duties
• Value Added Tax (VAT)

Who is Considered a Bulgarian tax Resident?

Bulgarian tax residents are people:

• Who have a permanent address in Bulgaria
• Who reside in Bulgaria for more than 183 days across a 12 month period
• Who are sent abroad by the Bulgarian government or Bulgarian entities
• Who have their centre of vital interests in Bulgaria

What is the tax Year in Bulgaria?

The tax year in Bulgaria corresponds with the calendar year.

Double Taxation Agreements (DTAs)

Profit generated by a permanent establishment in Bulgaria is not subject to further tax in the home country in most DTAs. At present, Bulgaria has signed double taxation treaties with more than 65 countries, including Sweden, Poland, Belgium, the United Kingdom, and more.

For example, this applies to foreign investors who derive income from two different jurisdictions. Along with the double tax treaties, Bulgaria has also signed several exchange of information protocols. These allow for a clearer image of the legal entities requesting double taxation relief.

Direct Taxes in Bulgaria

Personal Income Tax

What is the Personal Income tax Rate in Bulgaria?

Personal income tax for Bulgarians sits at a flat rate of 10%, whether the person lives and works in Bulgaria or abroad. The tax rate for non-resident individuals is also 10%, but they are only taxed on income from sources in Bulgaria.

What About Dividends and Liquidation Quotas?

These are subject to a 5% tax rate when paid to either resident or non-resident individuals.

Corporate Income Tax

What do Companies in Bulgaria pay Corporate Income tax on?

Bulgarian local companies are taxed on their worldwide income in Bulgaria, while non-resident companies are taxed only on income generated within Bulgaria.

What is the Corporate Income tax Rate in Bulgaria?

Similarly to personal income tax, corporate income tax in Bulgaria is a 10% flat rate.

Who Pays Corporate Income tax in Bulgaria?

Taxable entities in Bulgaria are both companies incorporated under Bulgarian law, and non-resident companies generating income from sources in Bulgaria or through a permanent establishment.

When are Corporate Income tax Returns due?

Corporate tax returns are required by 31 March of the following year.

How is Corporate Income Tax in Bulgaria Paid?

Annual corporate income tax is deducted in advance instalments paid during the year. The amount is determined on the basis of the profit forecast for the current year. If net sales stay below BGN 300,000, advance payments are not required.

Above this threshold, companies must pay monthly or quarterly tax instalments. Companies whose net sales revenue exceeded BGN 3,000,000 in the year before the previous year must pay monthly instalments.⁴ Newly established companies do not have to pay advance corporate tax instalments for the year of incorporation, and losses may be carried forward consecutively for up to five years.

Tax on Corporate Expenses

Bulgaria imposes 10% annual tax on the following expenses:

• Business entertainment expenses
• Fringe benefits for employees and hired persons (e.g., expenses on supplementary voluntary social insurance, health insurance, and food vouchers)
• Expenses associated with own assets, leased assets, or assets provided for use by staff, workers, employees, and hired persons

Withholding Taxes

Withholding tax is 10% of salaries, to be paid to the state by the company paying the salaries.

Are There any Reductions or Exemptions for Withholding Taxes in Bulgaria?

Yes – outbound dividends and liquidation quotas paid to legal entities in the European Economic Area (EEA) are exempt. Those issued to non-EEA entities or to natural persons are subject to a 5% withholding tax. Dividends issued by local non-profits or other such associations are also subject to a 5% withholding tax, and withholding tax paid from interest and royalties is 5% for associated entities from the EU.

A DTA can be applied if it provides more favourable taxation of income acquired from a source in Bulgaria.

Taxable Persons

• Non-resident legal entities, except where dividends are provided to a non-resident legal person through a permanent establishment in the country
• Non-commercial legal persons that reside in Bulgaria
• Non-resident legal entities who receive income from a Bulgarian source, except in case of permanent establishment, royalties, and license fees

Withholding tax also applies to:

• Franchising and factoring
• Income for management services provided to a Bulgarian company
• Rent income
• Capital gains

Non-taxable Persons

• A local legal person participating in the company’s capital as a representative of the state
• A contractual fund
• Legal persons who are tax residents in an EEA country

Terms of Payment

Withholding tax is paid to the NRA Regional Directorate of the relevant region (where the taxpayer is registered or subject to being registered).

Subjects under Article 194 of Bulgaria’s Corporate Income Tax Act (CITA) must pay withholding tax on dividends and liquidation quotas:

• in three months from the beginning of a new month after the resolution to distribute assets is made, if the beneficiary resides in a country that has a DTA with Bulgaria (e.g., if decision is made on July 10, due date will be October 31)
• in one month from the beginning of a new month after the decision is made in all other cases (e.g., if decision is made on July 10, due date will be August 31)

Subjects under CITA Article 195 must pay withholding tax on income of a non-resident:

• in three months from the beginning of a new month after the resolution to distribute assets is made, if the beneficiary resides in a country that has a DTA with Bulgaria (e.g., if decision is made on July 10, due date will be October 31)
• in one month from the beginning of a new month after the decision is made in all other cases (e.g., if decision is made on July 10, due date will be August 31)

Transfer Pricing

Transfer pricing rules apply and are applicable to all transactions between related parties. Guidelines recommend preparing and maintaining all relevant transfer pricing documentation. Taxpayers must prove that their transactions are negotiated according to arm’s length prices. If tax officials conclude that prices are not at arm’s length, they may recalculate profits and impose additional levies.

Indirect Taxes in Bulgaria

Excise Duties

The following groups are subject to excise duties:

• Alcoholic beverages
• Tobacco products
• Energy products and electricity

Some luxury products and other goods fall under excise tax, which is paid on the import of dutiable products or on the first sale of local products.

Customs Duties

International EU customs legislation applies directly in Bulgaria.

Value Added Tax (VAT)

Legislation surrounding VAT in Bulgaria is generally the same as EU VAT legislation. VAT applies to all goods and services executed in either Bulgaria or another EU member state.

VAT Rates

The standard VAT rate in Bulgaria is 20%, but reduced rates can be applied to certain goods and services, for example:

• 9% VAT rate can be applied to things like hotels and delivery of books and periodicals
• 0% VAT rate can be applied to intra-community supplies and international transport

Some of the categories for reduced VAT rates contain restrictions (e.g., delivery of publications entirely or mainly intended for advertising are not subject to the reduced rate). For specific advice, speak to an expert on accounting and foreign-owned business in Bulgaria.

Taxable Persons

All Bulgarian tax residents – see previous section. Any foreign persons only have tax liability for income generated from sources in Bulgaria.

Terms of Payment

• A tax period is one calendar month, unless otherwise specified
• Tax statements must be submitted by the 14^th day of the month following the tax period relevant to the statement
• If tax is payable, it should be paid to the relevant NRA Regional Directorate within the tax filing term specified above

VAT Registration

Registration under the Value Added Tax Act is mandatory in certain circumstances, including when a company’s taxable revenue equals or exceeds BGN 100,000 over any 12 consecutive months, or if turnover for intra-community acquisitions exceeds BGN 20,000 in the current year.

The registration procedure takes 14 days after the application is submitted. It must state the grounds for registration, and be submitted together with information about the monthly taxable turnover for 12 consecutive months.

VAT Exemptions

The list of VAT exemptions is the same as in the EU directives.

Some examples of VAT-exempt goods and services are:

• Education
• Financial services
• Health, dental, hospital, and social welfare
• Gambling
• Welfare services
• International passenger transport
• Public broadcasting

Special Regimes for VAT Registration

• When an unregistered company provides or purchases services from another EU member state, the application must be submitted seven days before the service is rendered or received
• EU single One Stop Shop (OSS) VAT return for every taxable person not based in the country who provides digital, telecommunication, or radio and television broadcasting to recipients who are non-liable tax persons residing in Bulgaria – this regime was formerly known as MOSS

VAT Reporting

As discussed in ‘terms of payment’, companies registered for VAT in Bulgaria should declare and pay their VAT monthly by the 14^th of the following month. All sales invoices (including overseas) and credit notes received within the current month must be included. Purchase invoices may be included within the next 12 months.

VAT Refunds

The Bulgarian Tax Authority is required to refund recoverable VAT within four months (three months for offsetting and 30 days for effective refunding) after the declaration is submitted. A shorter procedure of VAT reimbursement is provided for intra-community dispatch and supply of goods.

Intra-community supplies of goods and services to recipients registered for VAT purposes in other EU member states should be included in VAT Information Exchange System (VIES) declarations.

VAT rules and regulations change often, and serious penalties apply for violating the VAT Act. To get peace of mind and make sure your business stays compliant, consult with a Bulgarian tax expert.

Get Informed on Tax in Bulgaria With Leinonen

Leinonen Bulgaria has been an indispensable ally to foreign-owned businesses in Bulgaria for over 16 years. Our close knit team of 11 local experts on accounting, payroll and tax in Bulgaria are here to support your next business venture.

Organize a consultation today to get true peace of mind and boost your success in the Bulgarian market.

The post Taxation in Bulgaria: What Foreign-owned Businesses Need to Know appeared first on Leinonen Bulgaria.

In this article, Leinonen Bulgaria will introduce your legal entity options, discussing the pros, cons, and main uses of each.

5 Main Legal Entities in Bulgaria

1. Sole Proprietorship (ET) – natural person with unlimited liability (the simplest model)
2. Limited Liability Company (OOD/EOOD) – the most common form for small to medium enterprises (SMEs)
3. Joint-Stock Company (AD/EAD) – for larger ventures, public capital-raising via shares
4. Branch of foreign company – not a separate legal entity (operations under parent’s liability)
5. Trade Representative Office (RO) – non-commercial (for marketing and representation only)

The most common business entities in Bulgaria are ET and OOD/EOOD. OOD and EOOD dominate thanks to their simplicity, limited liability, and minimal capital, while ET is easy to setup, making it popular among freelancers and small volume traders.

Formation Requirements and Timelines for Legal Entities in Bulgaria

Capital and Ownership

Minimum Capital and Other Important Requirements

Do any Legal Entities Have Restrictions or Rules Regarding Shareholders, Partners, or Directors?

Yes. EOODs must have one manager, and OODs must have at least one manager. ADs must have a Board of Directors with a minimum of three members (although Supervisory Board is optional).

Taxation

What tax Regimes are Applicable for Each Type of Business Entity in Bulgaria?

• ETs are taxed under personal income tax (15%) or patent/regime, and are subject to social and health contributions
• EOODs, OODs and ADs are subject to corporate tax at 10% (dividends are taxed at 5%)
• Branches are taxed on Bulgarian sourced profits as per corporate tax rules
• ROs do not generate income and therefore pay no corporate tax

What are the VAT Rules for Business Entities in Bulgaria?

Value Added Tax (VAT) registration is mandatory for businesses that have turned over at least BGN 100,000 in the last 12 months. Below this threshold, VAT is optional. This means if a VAT registered business’ turnover drops below BGN 100,000, deregistration is not required.

Accounting and Reporting

What are the Accounting and Audit Requirements of Each Business Entity in Bulgaria?

• ETs can carry out simplified single-entry bookkeeping and standard tax and social filings
• EOODs/OODs must produce double-entry bookkeeping and annual financial statements; auditing is only required if the company has assets of more than BGN 2 million, revenue of more than BGN 4 million, or more than 50 employees
• ADs/EADs are audited annually, regardless of size
• Branches maintain separate accounting records and file local tax reports
• ROs have minimal bookkeeping – only reporting to the Chamber is required

Legal and Operational

What Business Activities can Each Type of Legal Entity Engage in?

• ETs are unlimited liability and suitable for small scale services
• EOODs/OODs/ADs are open to a broad range of activities defined in the Commercial Register
• Branches can contract and trade under parent authority, and liabilities are borne by parent
• ROs are limited to marketing, representation and research (but may employ staff)

Compliance and Governance

What are the Corporate Governance Requirements of Each Legal Entity in Bulgaria?

Depending on the type and size of a business entity in Bulgaria, ongoing compliance obligations may include annual reporting, tax and VAT filings, social contributions, register updates, and governance meetings.

Specific Corporate Governance Requirements for Legal Entities

Practical Considerations

What Type of Business is Each Legal Entity in Bulgaria Best Suited to?

• ET is a great option for small, simple operations – but it does entail personal liability and full social burdens
• Featuring liability protection and low capital requirements, OOD/EOOD is ideal for SMEs, but it is important to consider accounting costs and social contributions
• AD/EAD is best for large scale or public capital needs, but is complex and costly
• Branches are great for foreign-owned businesses wishing to test the market without forming a separate legal entity in Bulgaria
• ROs are useful for establishing a marketing only presence, but they are not allowed to generate revenue

EOOD/OOD is the best option for most startups. AD should generally only be used when raising external capital.

Recent Developments and Planned Future Changes

When forming a business entity in Bulgaria, it is vital to stay up to date on the latest developments in accounting and tax.

Some of the most recent and soon to be implemented changes include:

• VAT threshold reverted to BGN 100,000 from April 1 2025
• Standard Audit File for Tax (SAF-T) implementation to start on Jan 1 2026
• New Company with Variable Capital structure now available for flexible capital deployment
• E-government progress now allows 3 day online registrations

Contact Leinonen Bulgaria for Tailored Advice

Securing a trusted Bulgarian accountant early will help you choose the right legal entity for your business’ long-term success, and Leinonen has been trusted by foreign-owned businesses in Bulgaria for 16 years. Your expert Bulgarian accountant will not only guide you through the process of choosing and registering your legal entity, but also provide vital ongoing support with obligations like VAT, SAF-T, and social contributions.

Get in touch today to connect with a Bulgarian accountant who has your business’ best interests at heart.

The post Choosing the Right Business Entity in Bulgaria: A Guide appeared first on Leinonen Bulgaria.

In this article, Leinonen Bulgaria will provide a comprehensive overview on managing payroll in Bulgaria as a foreign-owned business.

Payroll Calculation Procedure in Bulgaria

All employment relations are handled by the Labour Code. Other Acts related to employment legal requirements are the Healthy and Safe Working Conditions Act, Employment Promotion Act, and some ordinances and regulations.

The monthly payroll calculation procedure consists of the following steps:

1. Calculations of all employees’ monthly working and sick days
2. Summing up the gross salary with bonuses and other benefits added
3. Generating printouts after doing the necessary deductions
4. Sending the payroll file, social insurance payment orders and, if necessary, salary payment orders to the employer
5. Filing two extra declarations with the National Revenue Agency (NRA)

In case of illness after the declarations have been submitted, the sick leave list must be prepared and submitted no later than the 10^th of the following month after receiving it.

Salary in Bulgaria

Bulgaria has a government-mandated minimum wage. As of 2025, this is BGN 1,077 (an increase of 15.4% from 2024). This translates to an hourly rate of BGN 6.49. The minimum rates apply to everyone – no matter their age, industry, or experience.

Additionally, depending on the industry and occupied position, the law provides minimum social security thresholds. This means that even if the agreed salary is at minimum wage, social security instalments are calculated and based on the applicable minimum threshold.

National Insurance Contributions in Bulgaria

National insurance contributions include social security and health insurance. This system guarantees financial protection against major life risks, work-related accidents and consequences like disease or unemployment, as well as old age and nursing care needs for employees.

The social insurance regulations are all gathered into a single legal act called the Social Insurance Code (SSC). The aim of the social security system in Bulgaria is to provide everyone with a stable standard of living.

The Bulgarian social security system covers the following risks:

• General disease
• Work-related accidents
• Maternity
• Unemployment
• Old age
• Death

Social Security and Health Insurance Rates

Social security is mandatorily paid on employees’ gross income, starting at a rate of 32.7% and rising to 33.4% depending on occupational category and risk profile. Employers contribute 18.92%-19.62%, while employees contribute 13.78% of their gross income.

The payments are split as follows:

• Social security at between 24.7% and 25.4% (employer pays 14.12%-14.82%, employee pays 10.58%)
• Health insurance at a fixed rate of 8% (employer pays 4.8%, employee pays 3.2%)

Summary of Contribution Rates

As of April 1, 2025, the maximum threshold for social security payments is BGN 4,130. The minimum insurance income depends on the group of economic activities and professions, but starts at BGN 1,077. For labour categories I and II (heavy and dirty work conditions) contribution percentages are higher for both employees and employers.

According to Bulgarian legislation, an additional 0.6% of gross salary is charged for each year of an employee’s professional experience. Cost to Company (CTC) therefore includes not only gross salary and employer social security contributions, but also this supplement. Director’s fees are treated with the same taxation and social contributions as under employment contract.

Social Security for Foreign Workers

Foreigners could be exempt from social security contributions in Bulgaria, or their contributions paid in Bulgaria could be recognised in their home country under applicable social security treaties.

Social Security for Self-Employed Persons and Freelancers

Based on their annual income, self-employed persons are responsible for the entire social and health security charge. The maximum threshold is the same as under an employment contract (BGN 4,130). In 2025, minimum monthly social security income for self-employed individuals starts at BGN 1,077 but depends on declared income. Concealment of mandatory social contributions in large amounts is criminalised.

Social Security for Posted Workers

EU Regulation 883/2004 on social security applies to Bulgarian workers who are posted in another EU Member State, and foreign workers seconded to Bulgaria from another EU Member State. In both cases, workers may remain under their home social security legislation if the working period is less than two years.

Employment in Bulgaria

Working Hours

The standard working week in Bulgaria is eight hours per day over a 40 hour (five day) week.

Some alternatives include the following:

• An extended 48 hour work week, but only if limited to 60 work days annually (a maximum of 20 days consecutively)
• A reduced 6-7 hour work day for those working in conditions that pose a risk to life or health
• Unspecified working time for some positions (determined by the employer)
• Work in shifts
• Overtime, although it is not permitted in principle
• Part-time work for a minimum of 4 hours a day, with a working time reduction never exceeding half of the regular working time and not for more than 3 months annually
• Flexible scheduled work, where the employee spends a specified period of time (e.g., 9am-1pm) at the workplace, after which they are free to decide how, where and when they should complete the remainder of their working time

For flexible scheduled work, the manner of timekeeping should be specified in the employer’s internal labour rules. Employees can choose to refuse standard arrangements if an agreement is reached with the employer.

Working Hours for Minors

A minor’s weekly working time must not exceed 40 hours, and work days should be reduced to 6-7 hours.

Overtime

Overtime in Bulgaria cannot constitute more than:

• 150 hours per year
• 30 hours (or 20 night hours) per month
• 6 hours per day
• 4 hours per night

Overtime pay rates are:

• 150% on working days
• 175% during holidays
• 200% on public holidays

Rest Breaks

In Bulgaria, the employee is not obligated to perform work during periods of rest – the rest period should serve recreational purposes.

The following rest breaks are required in Bulgaria:

• A lunch break during the workday that cannot be shorter than 30 minutes
• A rest period after the end of the working day of no less than 12 hours
• Weekly rest periods of 2 consecutive days (48 hours) in a 5 day working week
• Holidays

Vacations

The Bulgaria Labour Code specifies that all employees should be granted a minimum paid leave of 20 working days. In case of an agreement between the parties involved, paid annual leave can be longer, but never shorter. Before being entitled to annual paid leave, the employee must work for a minimum of eight months.

Annual paid leave days should be used within the calendar year they are earned in. In some cases, unused paid leave days can be transferred to the next calendar year, but they should be used by the middle of said year. Unused paid leave days can be subject to compensation, but only in the case of employee termination.

Public Holidays

When calculating annual paid leave, public holidays should not be counted. The remuneration for work performed during public holidays must amount to not less than twice the amount of remuneration that would ordinarily be paid, calculated on a daily basis.

Illness and Sick Leave

For the first three days of sick leave, the employer must cover 70% of the employee’s wages. The rest of the sick leave is covered by the National Social Security Institute after the employee submits the appropriate documents.

An obligatory six months of work (and social security payments) must be completed before the employee is eligible for sick leave compensation, unless the sick leave is due to a work accident or professional illness, or if the employee is a minor.

Sick leave or injury compensation is either:

• 80% of the average daily gross salary for common diseases
• 90% of the average daily gross salary for a labour accident or professional illness

Maternity Leave

Paid maternity leave at 90% of the mother’s salary is granted up to 410 days, 45 of which should be taken during the last stage of pregnancy. Fathers are entitled to 15 days of paid leave from the date of childbirth. Care of the child may be transferred to the father when the child reaches six months of age. In this case, the father shall receive benefits for the remainder of the 410 days.

Termination of Employment

Employment in Bulgaria can be terminated with a one, three, or six month notice (depending on the contract). After termination, the employee receives all the necessary documents, including their labour book and certificates for income tax and social security payments.

The National Revenue Agency (NRA) must be notified of the termination within seven days of it coming into effect, by way of a standard form that specifies the details of the termination. If the employer fails to notify the NRA in due time, they will be subject to a fine of up to BGN 15,000.

Contact Leinonen Bulgaria for More Support

With 16 years specialising in supporting foreign-owned businesses in Bulgaria, Leinonen’s close-knit team hold valuable local knowledge to help your business prosper. Get in touch today to make sure your foreign-owned business in Bulgaria stays firmly in line with the latest accounting, tax, and payroll regulations.

The post Employment and Payroll in Bulgaria appeared first on Leinonen Bulgaria.

Compiled by Leinonen’s financial experts, this article serves as a guide to the basics of doing business in Bulgaria. Alongside general benefits and considerations, we will discuss the logistics of establishing a business and managing employment, payroll and taxation in the country.

Business in Bulgaria: General Factsheet

5 Benefits of Doing Business in Bulgaria

1. Political and Economic Stability

Bulgaria has been an EU member state since January 2007, and government policy is focused on building a favourable business climate for foreign investors. All the biggest banks are represented in Bulgaria, and the country has signed Double Taxation Treaties with more than 60 countries.

This means:

• Low investment risk
• Low currency risk (local currency has been pegged to EUR since 1998)
• Low budget deficit

2. Strategic Geographical Location

Bulgaria has access to five pan-European transport corridors. Serving as a bridge between Europe and Asia, it has easy access to profitable markets like Türkiye and the Middle East. In 2025, Bulgaria entered the Schengen zone, opening the door to easier trade and movement between other member states. Find out more on the benefits of establishing a business in Bulgaria now it is in the Schengen area in this article by Leinonen.

3. Highly Qualified, Multilingual Workforce

• In 2024, there were 15,737 foreign students in Bulgaria from countries including Greece, United Kingdom, Ukraine, Germany, and Italy
• 1 in 4 people in Bulgaria had a university degree in 2021, according to the National Statistical Institute (NSI)
• 46% of the population of Bulgaria speaks at least one foreign language

“…If you want first-class mathematicians, try looking in Bulgaria.”
Willian Fitzsimmons, Dean of Admissions & Financial Aid, Harvard College

4. Low Production Costs and Taxes

• Flat 10% personal income tax
• 10% corporate income tax
• 0% tax in municipalities with unemployment higher than 25% of the country average
• Business Process Outsourcing (BPO) in Bulgaria saw two digit growth in the last decade, with over 40 thousand employees
• Sofia in top 10 cities in the world for start-ups according to Forbes

5. Balanced Work to Lifestyle Logistics

Day to day living costs in Bulgaria are good, and Sofia is one of the cheapest European cities in terms of office rent. According to the Europe Backpacker Index for 2017, it is the most affordable city and best bargaining place to visit in Europe.

Establishing a Business in Bulgaria

The establishment of a business in Bulgaria is governed by The Commercial Act. Foreign persons who want to establish a business have the same rights as Bulgarians, and there is no limitation on the share participation of foreign legal entities and individuals. It only takes a couple of days to register a new company in Bulgaria; minimum start-up capital has been reduced to only BGN 2 (EUR 1) for limited liability companies, and international VAT registration takes just 10 days.

The following forms of commercial organisation can be set up:

• Sole shareholder limited liability company
• Limited liability company with more than one shareholder
• Sole trader, individual company with unlimited liability
• Joint stock company
• Sole shareholder joint stock company
• Unlimited partnership set up by two or more individuals who carry unlimited responsibility
• Limited partnership, responsibility is set according to agreement
• Partnership limited by shares
• Branch
• Representative office
• Consortium and holding

The registration must be carried out by a professional firm in Bulgaria. It is not possible for foreigners to do business in Bulgaria without incorporation through a permanent establishment. Regardless of the founders’ nationality, all types of entities established in Bulgaria are considered Bulgarian and treated under the Bulgarian legislation system.

Contact us if you wish to get a thorough comparison of establishing a branch office, subsidiary company, or a representative office in Bulgaria.

Accounting in Bulgaria

The Bulgarian accounting legislation is generally aligned with EU legislation. Companies have to observe and keep their accountancy in compliance with the requirements under the Accountancy Act. Fiscal year corresponds to the calendar year, and all companies in the Commercial Register must announce their annual financial statement no later than 30 June the following year.  

Penalties for not submitting the report on time are as follows:

• For companies – 0.5% of net revenue from sales
• For directors – individual financial penalties

Audit is mandatory for companies which meet or exceed two of the below criteria during the current or previous year:

• Balance value of assets towards 31 December is BGN 2 million
• Net sales income for the year is BGN 4 million
• Average number of employees for the year is 50 people

The audit is also mandatory for some of the AD-s and KDA-s, emittents on public markets, insurance companies, credit institutions, additional social contribution funds, and other companies when required by legal acts.

Penalties are as follows:

• For company directors – from BGN 500 to BGN 5,000
• For companies – from BGN 2,000 to BGN 10,000

Micro, small and medium-sized companies (SMEs) can apply National Accounting Standards. Newly established entities are considered SMEs in the year of their establishment, and must comply with these rules for the first and second year.

Companies which for one of the two previous years exceed the following indicators should apply for International Financial Reporting Standards (IFRS):

• Balance value of assets towards 31 December is BGN 8 million
• Net sales income for the year is BGN 15 million
• Average number of employees for the year is 250 people

However, it is worth noting that credit institutions, insurance and investment companies, pension and health insurance funds (and funds managed by these companies) must apply, no matter what.

Leinonen is happy to help with all of your accounting needs in Bulgaria.

Employment in Bulgaria

Employment contracts in Bulgaria are signed between the employee and the employer in a written form, specifying certain statutory requirements.

Employment contracts must include:

• Involved parties
• Physical location where employment will be performed
• Employment position and work description
• Date of signing and of expected commencement of work
• Duration of the contract
• Duration of the working day or week
• Basic and, if applicable, any additional employment remuneration
• Terms and conditions of employment remuneration payment
• Annual paid leaves (basic, extended, additional)
• A common notice period for employment termination

All employment contracts must be registered with the respective territorial division of the National Revenue Agency (NRA):

• In three days after concluding or amendment of the employment contract, but before the first working day
• In seven days after its termination

Employment contracts can be concluded for a fixed or indefinite period of time. Fixed-term contracts can only be signed in exceptional cases specified in the Labour Code. For both types of contracts, employers have the opportunity to assess an employee’s capability for certain work through a probation period not exceeding six months.

Employers report monthly information about employees’ social contributions and personal income tax. Declaration for social contributions should be submitted until the 25^th of the following month. It is an employer’s legal responsibility to pay over employees’ tax and social security deductions to the Bulgarian tax authorities.

Avoid penalties and ensure everything is done correctly and on time by outsourcing your payroll management to Leinonen.

Taxation in Bulgaria

Bulgaria has two levels of taxes: state taxes that go to the NRA, and local taxes paid to municipal councils.

When establishing your company, you need to:

• Register your company for taxation
• Start keeping financial records
• Start preparing a tax return

An annual activity report is not needed if your company shows no activity throughout the year, or if there are no reported revenues and expenditures compliant with Bulgaria’s accounting law.

Being an Expat

Citizens of the EU, EEA and Switzerland can be employed, self-employed or sent on a business trip to Bulgaria without restrictions and without a work permit, since the country is a member of the EU. Special rules are also provided for family members from the EU, EEA and Switzerland.

Expats wishing to work in Bulgaria must apply for a temporary residence permit (consequently a work permit for non-EU/EEA citizens) or a permanent residence (no work permit needed) beforehand. They may arrange this along with their Bulgarian employers while they reside outside of Bulgaria. Alternatively, non-EU/EEA expats may enter the country to look for work, and then leave the country to process the visa. Company Directors or Members of Board of Directors do not need a work permit.

Foreigners looking to reside in Bulgaria have plenty of opportunities to rent apartments, although expats are advised to seek out real estate agencies when looking for accommodation.

Doing Business in Bulgaria? Get Expert Support Today

Leinonen’s financial specialists have been assisting foreign-owned businesses in Bulgaria for almost 15 years. Our local experts stay up to date on the latest tax, payroll, and accounting legislations, providing peace of mind to over 1500 clients across the EU.

Get in touch today to find out how we can support your company’s new or existing Bulgarian venture. 

The post BUSINESS IN BULGARIA appeared first on Leinonen Bulgaria.

In this article, we will explore the latest rules and regulations, so you can reward your valued employees with confidence.

What Types of Bonuses can be Awarded in Bulgaria?

Bonuses can be discretionary (not guaranteed) or nondiscretionary (guaranteed as shown in employment contract). Discretionary bonuses are paid on a performance-based evaluation, and can vary from 0% to 200% of salary, depending on the degree of achievement of goals. Employers do not guarantee a minimum amount of the premium, nor do they owe advance payments during the year.

What Legislations Govern Employee Bonuses in Bulgaria?

In Bulgaria, employee bonuses are treated and taxed in the same way as salaries – 10% income tax, plus social security contributions. Since 2023, bonus income should be taxed retrospectively in the months in which the work was performed, not just in the last month. For example, if a bonus is granted at the end of the year for results achieved across the year, it must be taxed in every month (not just December).

Act. 6, para. 2 of SSC /in force from 01.08.2023/

“The income on which insurance contributions are due includes all remuneration, including accrued and unpaid or unaccrued and other income from employment. Remuneration relating to work done for the past time as quarter, annual and other bonuses is allocated to the days worked during which the work was done.”

Social Security and Health Insurance Contributions in Bulgaria

What are the Current Thresholds for Social Security and Health Insurance?

From January 2025, the minimum base salary for social security payments became BGN 1,077 per month (before adding years of experience). In April 2025, the maximum monthly social security income was raised from BGN 3,750 to BGN 4,130. Any gross pay (including bonuses) in excess of BGN 4,130 is not included in social security calculations.

How Much Social Security and Health Insurance do Employees Contribute?

13.78% of an employee’s gross monthly salary (above the minimum and up to the maximum social security income) goes towards social security payments. This is inclusive of bonuses, and is deducted and paid by the employer on behalf of the employee.

What Social Security and Health Insurance Contributions Must the Employer Make?

Alongside the employee contribution of 13.78%, employers in Bulgaria are required to contribute a minimum of 18.92% (maximum of 19.62%) to the employee’s social security. Similarly to the employee’s contribution, this is calculated based on the total social security income for the month, which includes bonuses.

What Tax Reliefs or Deductions can be Applied to Bonuses?

While tax reliefs are not directly related to bonuses, they can be applied to the overall amount of tax paid through the calendar year (including tax paid on bonuses).

• Child tax relief reduces annual tax base by BGN 6,000 for one child, BGN 12,000 for two children, and BGN 18,000 for three or more children
• Employees with a documented disability can receive a tax relief of BGN 66 net per month
• If an employee has gifted to an official listed charity, the amount gifted can be deducted from their annual tax base
• Any amounts paid for health insurance, social security and life insurance can also be deducted from the tax base

What are the Rules of Holiday Compensation in Regard to Bonuses?

Holiday compensation is calculated based on the previous month’s salary. If an employee received a permanent bonus the month before, the amount is included in the compensation calculations. One time bonuses are not included. Compensation for unused paid leave is only charged 10% tax (no social security). To find out more about holiday compensation and public holidays in Bulgaria, read our article here.

What Best Practices can Employers use to Ensure Correct Taxation of Bonuses?

Measures like clear internal policies, accurate payroll processing, timely reporting, and regular training help employers stay compliant with the latest regulations on the taxation of employee bonuses.

How can Leinonen Bulgaria Help?

With 14 years of experience in Bulgaria, Leinonen’s expert tax advisors are fully equipped to support employers with the taxation of employee bonuses. Our financial specialists have already assisted 1500+ satisfied customers, helping them successfully navigate ever-changing accounting laws across the European Union (EU).

Get in touch today to arrange a consultation and ensure your business is compliant with Bulgaria’s latest accounting, tax, and payroll regulations.

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With this transition, Bulgaria gained access to new economic and trade opportunities. Find out what entering the Schengen zone means for businesses in Bulgaria in this article.

What is the Schengen Zone?

First introduced in 1985, the Schengen area allows free travel between member countries with no internal border controls. Instead, members implement uniform controls at the external borders of the Schengen area. Countries within the Schengen zone also enjoy free movement of goods and services.

Which Countries are Part of the Schengen Zone?

In 2025, the Schengen zone consists of 29 countries. Alongside the majority of countries in the European Union (EU), four non-EU countries are also members: Norway, Iceland, Liechtenstein, and Switzerland. Bulgaria and neighbouring Romania are the latest countries to join the Schengen area.

How Will Bulgaria Benefit From Entering the Schengen Zone?

Being part of the Schengen zone comes with an array of benefits, all of which ultimately help generate financial prosperity and opportunities for member states. The Schengen area is built on strong foundations of trust, unity, and cooperation between its members. As a result, Bulgaria will be naturally able to build closer relationships with other Schengen zone countries.

Free movement of people within the Schengen area could also make Bulgaria a more desirable location for travel and tourism, in turn boosting the economy. And with no tariffs on goods moved between member states, Bulgaria can enjoy prosperous trade relations with other Schengen zone countries. Finally, harmonised systems and constant information exchange between law enforcement agencies within the Schengen area will help facilitate swifter responses to security threats.

Benefits of the Schengen Zone for Businesses in Bulgaria

Entering the Schengen zone is great news for businesses in Bulgaria; it opens the door to financial benefits, smoother supply chains and processes, and new opportunities for growth.

Key benefits include:

• Access to Cross-border Employees. The Schengen area’s free movement currently allows 1.7 million people to live in one Schengen zone country while working in another. Free movement grants businesses in Bulgaria access to a wider pool of talent from neighbouring and nearby Schengen area countries like Romania, Greece, Hungary, and Croatia.
• Free Movement of Services. Not only does free movement mean skilled workers can travel from neighbouring Schengen zone countries into Bulgaria to work, but services can also be freely provided beyond the Bulgarian border. For example, businesses in Bulgaria could explore extending their services across the border into Romania.
• Free Movement of Goods. Movement of goods between Schengen zone countries is free from tariffs or border controls. This will allow businesses in Bulgaria to enjoy reduced administrative costs, and more efficient transportation of goods to and from other Schengen area members.
• Tourism and Hospitality Opportunities. Free travel makes countries within the Schengen zone more attractive and accessible to tourists. Europeans residing in the Schengen area can easily visit neighbouring member countries, and third-country nationals can explore the Schengen area freely for up to three months with a Schengen visa. Entering the Schengen area could therefore bring great economic benefits for tourism and hospitality businesses in Bulgaria.

Navigating Business in the Schengen Area With Leinonen Bulgaria

If you are unsure how joining the Schengen zone will affect your business from a tax and accounting perspective, Leinonen Bulgaria can help. Having amassed 1500+ satisfied clients, our local experts in payroll, tax, and accounting have been diligently supporting businesses in Bulgaria for more than 14 years.

Interested in Exploring Business in Bulgaria?

If you are considering branching out into a new market now Bulgaria has entered the Schengen zone, a solid understanding of regulations around tax and accounting in Bulgaria is vital. Leinonen’s local experts can offer the support you need, so your business in Bulgaria can truly thrive. Contact Leinonen Bulgaria today to arrange a consultation and get the vital knowledge you need on navigating payroll, tax, and accounting in Bulgaria.

The post The Schengen Zone: Benefits for Businesses in Bulgaria appeared first on Leinonen Bulgaria.

As a business operating in Bulgaria, it is important to both understand the cultural significance of these dates, and know your legal obligations.

Which Dates are Public Holidays in Bulgaria?

The following public holidays are paid non-working days in Bulgaria:

• 1 January – New Year’s Day
• 3 March – National Holiday (Bulgaria’s Liberation from the Ottoman Empire)
• 1 May – Labour and International Worker’s Solidarity Day
• 6 May – St. George’s Day, and Day of Valour and of the Bulgarian Armed Forces
• 24 May – Bulgarian Education and Culture, and Slavic Script Day
• 6 September – Unification Day
• 22 September – Independence Day
• 24 December – Christmas Eve
• 25 and 26 December – Christmas Days

Are any Public Holidays Celebrated on Different Dates Each Year?

Yes, the Easter holidays of Good Friday, Holy Saturday, Easter Sunday, and Easter Monday fall on a different date each year in accordance with the Orthodox calendar.

In 2025, they fall on the following dates:

• 18 April – Good Friday
• 19 April – Holy Saturday
• 20 April – Easter Sunday
• 21 April – Easter Monday

Are There any Free Days in Bulgaria for Specific Industries?

Yes, the Day of the Bulgarian Enlighteners is a special non-study and non-working day for educational institutions. This holiday falls on 1 November each year.

What are Employees Entitled to During Public Holidays in Bulgaria?

According to article 264 of the Bulgarian Labour Code, employees scheduled to work on a public holiday are entitled to at least double the wage they would normally get. This applies whether the work is overtime or not.

Entitlements of Non-Christian Employees on Religious Holidays

As a majority Eastern Orthodox Christian country, Christian religious holidays are free days in Bulgaria. However, as per article 173 of the Labour Code, employees who profess a religion other than Eastern Orthodox Christianity are entitled to paid or unpaid leave on the days of their own religious holidays.

Holiday Pay in Bulgaria

Employees who work more than four hours a day in Bulgaria are entitled to a minimum of 20 working days in paid annual leave. This entitlement starts after they accumulate at least four months of employment.

Calculating Holiday Pay in Bulgaria During Public Holidays

If a public holiday falls within an employee’s arranged annual leave, the public holiday should not be counted as part of their annual leave. For example, if an employee has four days of leave organised from 4 September until 7 September, Unification Day (6 September) should not be deducted from their accrued annual leave days. In this case, only three days should be deducted from their annual leave, but they should be paid for four (as public holidays are paid).

Manage Public Holidays in Bulgaria With Leinonen

Boasting a multilingual, highly skilled workforce, and one of the lowest corporate income tax rates in Europe, Bulgaria is fast becoming an attractive location for foreign-owned businesses. But while Bulgaria is an EU member state, it has held onto many unique regulations in everything from accounting to labour relations, as well as its own currency (the Bulgarian lev).

Leinonen has 14 years of experience supporting foreign-owned businesses in Bulgaria, and our vastly knowledgeable team of financial specialists are ready to take your business to the next level. Get in touch today to find out how we can help you navigate Bulgaria’s unique local laws and customs to maximise your success.

The post Public Holidays in Bulgaria: A Guide for Employers appeared first on Leinonen Bulgaria.

Pursuant to Art. 128b, para. 3 of the Labor Code (LC) with Decree No. 71 of May 10, 2018 of the Council of Ministers, an Ordinance was adopted on the type and requirements for the creation and storage of electronic documents in the labor file of the employee (the Ordinance).

The Ordinance regulates:

• the type of electronic documents that can be part of an employee’s file;
• the requirements for the creation and exchange of electronic documents between the employee and the employer, as well as the certification of its delivery (trusted e-delivery system);
• the requirements for the storage of electronic employment documents.

It should be emphasized that an option for digital employment records is legally ensured however, possibility to create and store employment documents on paper continues to exist.

In the Internal Rules, the employer must define:

• the type of documents that are created and stored as electronic documents;
• the type of electronic signature used by employees.

The costs for the construction, maintenance, and use of an information system for electronic employment documents are at the expense of the employer (Article 2, Paragraph 2 of the Ordinance).

The formal and explicit consent of the employee for the exchange of electronic employment documents between the parties is a must. 

As a minimum, a system for electronic employment documents must include the following functionalities:

• Ensured data protection (encrypted environment and multi-factor authentication (MFA))
• Remote elctronic identification of signatories (employer and employees).
• Singing of documents by employer with QES (qualified electronic signature) and by employee’s side with Universal or Basic electronic signature type.
• Integrated Electronic registered mail according to the eIDAS Regulation*.
• Constant access of all employees to the electronic platform and his/her file with documents. Acceses must be ensured after termination of employment relations as well.
• All costs are covered by employer.

*Pursuant to § 1, Item 5 of the Additional Provision of the Ordinance “electronic registered mail service” is the concept defined in Art. 3, item 36 of Regulation (EU) No. 910/2014 of the European Parliament and of the Council of 23 July 2014 on electronic identification and authentication services in electronic transactions on the internal market and on the repeal of Directive 1999/93/EC.

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What is E-invoicing?

Electronic invoicing (e-invoicing) is a contemporary approach to accounting that allows businesses to digitally send and receive invoices in a way that does not require traditional paperwork. In most cases, e-invoices are sent directly from one party’s e-invoicing application to another’s, requiring little to no manual input. The e-invoice is delivered in a digitalised format that can be automatically read and processed by the recipient’s system. E-invoices are sometimes referred to as EDI invoices or e-bills.

E-invoicing in Bulgaria

While e-invoices are recognised as official documents by both Bulgarian and European legislation, a common structured e-invoicing system is not yet available in Bulgaria. This means that e-invoices are typically sent via email, rather than directly from one accounting system to another. Though this does remove an element of automation from the process, there are still an array of benefits of e-invoicing in Bulgaria.

Benefits of E-invoicing for Businesses and Accountants

A 2019 Global Report by Webexpenses and The Association of Certified Accounts Payable Professionals (ACAPP) found that for two thirds of businesses, invoice processing alone took upwards of five days each month. E-invoicing is a valuable time-saving solution, offering streamlined convenience far beyond its paper counterpart.

E-invoicing can greatly reduce the risk of human error, leading to a more secure experience for businesses and accountants. For example, errors in sequencing and duplication of numbering, as well as incorrect cancellation or archiving of documents can be minimised, potentially saving a great deal of time and stress. Some modern e-invoicing applications also use integrated AI to provide suggestions for (or automated) bookkeeping, making the whole process much more effortless and organised for accountants and clients alike.

When e-invoices are sent digitally, the potential of them getting lost in transit or sent to the wrong address is also drastically reduced. And by eliminating the need for paper and postage, it is a more environmentally friendly method of accounting. In practice, e-invoicing can also save valuable desk and filing space for businesses.

In Summary, the key Benefits of E-invoicing are:

• Saving time and energy.
• Reducing the risk of human error.
• Improving security.
• Reducing the chance of invoices getting lost.
• Being more environmentally friendly.
• Saving physical archive space.
• Allowing for effortlessly organised bookkeeping.

Security Measures for E-Invoicing in Bulgaria

As with any system for businesses, there are vital security measures and regulations to consider when introducing e-invoicing. For example, e-invoices must meet the legal requirements of article 7 of the Civil Code (C), and articles 114 and 115 of the Law on Value Added Tax (VAT).

It is also important to note that an e-invoice being sent digitally does not automatically make it an electronic document that must be signed with an electronic signature. When an e-invoice is issued, it is accepted as a technical carrier of information (like a PDF file), which can then be printed to a hard copy.

Therefore, according to Bulgarian legislation, no seal or signature is required when issuing an e-invoice (just like a paper invoice). However, the Accounting Law states that while not mandatory, an invoice can be issued as an electronic document. If a business chooses to do so, it must be issued in accordance with the Electronic Document and Electronic Signature Law.

While there are no industry specific considerations for e-invoicing in Bulgaria, it is important to stay informed on Bulgarian requirements for invoicing (e.g. including invoice number, date of invoice, client name and address, payment due date etc.) An accountant can offer up to date guidance on current best practices in this respect.

Moving From Paper to E-invoicing in Bulgaria

Transitioning from paper to e-invoicing is fairly simple and will save you countless admin hours in the long run. You will need to choose an invoicing application that works for you. In Bulgaria, some of the most popular invoicing applications are inv.bg, e-faktura and invoicepro.bg.

Because a common structured system has not been implemented in Bulgaria, e-invoices cannot yet be automatically processed using these systems. This is where an accountant can help. An experienced accountant can work with different invoice pre-booking applications and accounting software, developing export and import files that allow invoices to be processed swiftly and semi-automatically.

How Leinonen Accounting in Bulgaria can Help

Due to the lack of a common system, e-invoicing in Bulgaria can be a little more complicated to set up for maximum efficiency. Therefore, it is important to have an accountant by your side that is familiar with navigating Bulgarian regulations. If your company deals with a lot of documents, moving to e-invoicing could make your life a lot easier.

Using an OCR-recognised application with AI integration for automatic invoice pre-booking, Leinonen can completely eradicate the need for paper invoicing. Using this system, our experienced accountants have already helped numerous clients discover simpler and more accurate invoicing processes.

Accounting in Bulgaria is fast changing, and as e-invoicing steadily becomes the norm, we will help you reap every benefit at the earliest possible opportunity.

To find out how Leinonen can transform your business’ invoicing process with e-invoicing, get in touch and arrange a consultation today.

The post Making the Switch to E-invoicing in Bulgaria: Everything you Need to Know appeared first on Leinonen Bulgaria.