On December 13, 2022, changes to the Law on Corporate Income Taxation (CIT) were promulgated. The changes are related to the expiration of the implementation period of the state aid scheme in the form of tax relief and the creation of an opportunity to continue this aid under a new scheme. The purpose of the state […]
Author: Nina Boteva
On 4 November 2022, the National Assembly of the Republic of Bulgaria submitted for consideration a draft law on bankruptcy of natural persons. Current legislation does not allow individuals who are insolvent to be declared bankrupt. Insolvent debtors are subject to severe restrictions, stress and worries from financial difficulties and creditors’ expectations. Bona fide debtors […]
At the end of July, a draft Law on intermediary services in real estate transactions was introduced. The reasons for the adoption of this bill are related to the fact that in Bulgaria the profession of real estate brokers and agents is not profoundly regulated by law. The current scarce regulatory framework is extremely insufficient, […]
The recent legislative amendments to the Labor Code ensure a higher degree of transparency regarding working conditions. The European legislation in this area has also been amended, with the adoption of Directive 2019/1152/EU of the European Parliament and of the Council of 20 June 2019 on transparent and predictable working conditions in the European Union […]
In the end of May 2022, a bill for the establishment of a State Registry Agency to the Council of Ministers was submitted to the Parliament of the Republic of Bulgaria. This agency became the legal successor of the Registry Agency under the Minister of Justice and several other ministries and agencies. The new agency […]
Amendments to the Health Insurance Act were published in issue 32 of the State Gazette on 3rd April 2022 aiming to regulate the health insurance and medical care of foreigners arriving and staying in the Republic of Bulgaria. The legislative changes were made mainly due to the foreigners arriving in Bulgaria from Ukraine, who were […]
Amendments to the Electronic Government Act were announced at the end of February. The same one provides the establishment of a Ministry of e-Government. The functions that the newly created ministry will perform previously were responsibility of the Ministry of Transport, Information Technology, and Communications, which after this legislative change becomes the Ministry of Transport […]
Decree № 328 of the Council of Ministers of the Republic of Bulgaria was promulgated at the end of October 2021. This normative act regulates the conditions for payment of compensations to workers and employees and to self-employed persons, insured as regards economic activities, for which temporary restrictions have been imposed by a state body […]
Directive (EU) 2019/1024 of the European Parliament and of the Council of 20 June 2019 on open data and the re-use of public sector information (the Open Data Directive) was adopted two years ago. Further to the above, there is an obligation for the Republic of Bulgaria to transpose into Bulgarian legislation the requirements and […]
On 18.08.2021 a Bill amending and supplementing the Law on the Activity of Collective Investment Schemes and Other Collective Investment Enterprises (hereinafter only the Bill) was submitted to the National Assembly of the Republic of Bulgaria. The project aims to introduce the requirements of Directive (EU) 2019/1160, Regulation (EU) 2019/1156 and Regulation (EU) 2019/2088. • […]
With Ordinance № RD-01-278 of 29 April 2021, the Minister of Health introduced new temporary anti-epidemic measures for entering into the territory of the Republic of Bulgaria, to be applied from 1 May 2021 to 31May 2021. From 1 May the entry into Bulgaria of persons arriving from India, Bangladesh, Brazil and countries and territories […]
On 12 March 2021, the amendments to the Measures against Money Laundering Act (MMLA) were published in the State Gazette. Legislative changes have amended the scope of the obligated subjects (legal entities and natural persons) that should implement measures against money laundering and terrorist financing. The above-pointed out obligated subjects under the MMLA are specified […]