ADDITIONAL REMUNERATION /BONUS SYSTEMS/ FOR EMPLOYEES - reference to gross salary
New term for preparation of Internal rules under the provisions of the Law on measures against money laundering
The obliged persons under art 4 of the Law on measures against money laundering (LMAML) had to prepare/update the Internal rules under art.101 until 09.07.2020 (within the 6-months term after the announcement of the National assessment of the risk).
Under the provision of the new art.24 of the Law on measures and actions during the state of emergency (effective 09.04.2020) some o...
COVID-19 - State of emergency in Bulgaria. Payment of compensations to Bulgarian employers – “measure 60/40”
The closing date for submission of applications is April 21, 2020.
Compensation is paid for a period not exceeding 3 months.
The calculation of the amount of compensation (60%) is done on the basis...
COVID-19 - Bulgaria in a State of Emergency - Important Employment Issues for Employers - Part II - NEW EMPLOYEE EMPLOYMENT OPPORTUNITIES
The new Emergency Measures and Actions Act has already been promulgated in the State Gazette after the President's veto on some texts was adopted. The law regulates important issues related to the employment, as well as the economic and social development of citizens during the COVID-19 crisis.
Protecting employees during a crisis
In spite of overall expectations, the new Law does not provide additional opportunities for employers to terminate employment with their employees dur...
CHANGES IN TAX TERMS RELATING TO THE EMERGENCY SITUATION IN BULGARIA
During the COVID-19 crisis in Bulgaria, the Bulgarian parliament has accepted some extraordinary changes in the legislation. Some of the changes have the aim to help the business to go through the difficulties that arise from the emergency restrictions.