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
23 hours ago
Christmas Bonuses in Bulgaria: A Guide for Foreign-owned Businesses
Bulgaria’s work culture blends traditional and modern practices, placing high value on relationships, hierarchy, and teamwork. Christmas is widely celebrated in Bulgaria and, while not…
August 11, 2025
Taxation in Bulgaria: What Foreign-owned Businesses Need to Know
With its business-friendly environment, skilled workforce and access to the European market as a European Union (EU) member state and Schengen Zone member, it makes…
July 18, 2025
Choosing the Right Business Entity in Bulgaria: A Guide
There a five main legal entities in Bulgaria, and selecting the right one for your foreign-owned business is a vital first step towards success in…