Nina Boteva Law Office Newsletter

The Anti-Money Laundering Measures Act (AMLMA) was amended in January 2021. This Law determines the measures for prevention of the use of the financial system for the purposes of money laundering, as well as the organization and control over their implementation. The circle of the subjects, which are obliged to apply AMLMA in their activity, […]

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Nina Boteva Law Office Newsletter

At the end of 2020, the Bulgarian Parliament adopted significant changes to the Value Added Tax Act (VATA). The changes are related to the introduction of the requirements of Council Directive (EU) 2017/2455 of 5 December 2017 amending Directive 2006/112/EC and Directive 2009/132/EC as regards certain value-added tax obligations for supplies of services and distance […]

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Nina Boteva Law Office Newsletter

In mid-November, in the Bulgarian State Gazette was promulgated the Law on Amendments of The Civil Procedure Code (CPC) The latter amends not only the Civil Procedure Code, but also the Code of Administrative Procedure and the Code of Criminal Procedure. The purpose of the CPC is to outline the new legislation in regard to […]

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Zarena Factory: Sale of Medical Masks

Zarena Factory is a leading company in Bulgaria that provides sustainable high quality products at affordable prices. In this regard, Zarena is a manufacturer of two types of masks – Medical (Certified as Type IIR) and Hygiene (Certified as FFP1). The issued certification of the above-mentioned masks is subject to the requirements of the EC […]

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Newsletter August 2020

ORDINANCE № 2 of 5 August 2020 on the implementation of measure 21 “Extraordinary temporary support for farmers and small and medium-sized enterprises, which are particularly affected by the crisis caused by COVID-19 of the Rural Development Program for the period 2014 – 2020” (hereinafter only the Ordinance) was published in the Bulgarian State Gazette […]

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Newsletter July 2020

On 09.07.2020 the Bulgarian National Bank (BNB) approved the procedure for deferral and settlement of liabilities payable to banks and their subsidiaries – financial institutions in relation to the state of emergency enforced by the National assembly on 13 march 2020 as a result of the Covid-19 pandemic and its consequences (as stated on the […]

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Newsletter June 2020

On 29 May 2020 a Bill supplementing the Personal Data Protection Act (the Bill) was presented to the Bulgarian Parliament for debate, directed against the so-called “fake news” in the electronic environment. At present, it is legally possible an anonymous person to publish information of unproven origin on a given website. In addition, there is […]

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Newsletter May 2020

The state of emergency in Bulgaria imposed due to the coronavirus continued until 13 May 2020. After that date The Bulgarian Government rescinded the state of emergency, however maintained a number of anti-epidemic measures. The latter are currently scheduled to be observed until 14 June 2020. As a result, the Bulgarian Parliament adopted a Law […]

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Financial support of the micro, small and medium-sized enterprises (SMEs) affected by the COVID-19

The Government of the Republic of Bulgaria has approved the Portfolio Guarantee Program to support the liquidity of micro, small and medium-sized enterprises (SMEs) affected by the COVID-19. The implementation of the Program is entrusted to the Bulgarian Development Bank AD, which has already signed agreements with the first four credit institutions that begin work […]

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Extension of deadlines for reporting and payment of corporate and personal income tax

The Law on Measures and Actions during the State of Emergency, announced by a decision of the National Assembly as of March 13, 2020, promulgated in the State Gazette, issue 28 of 24.03.2020, introduced extended deadlines for declaring and paying the various types of taxes. The 2019 annual reporting on corporate income tax, expenses tax, […]

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Amendments to the Law on the Commercial Register and the Register of Non-Profit Legal Entities

At the end of April 2020, the National Assembly of Bulgaria adopted amendments to the Law on the Commercial Register and the Register of Non-Profit Legal Entities (hereinafter only the Law or LCRRNPLE). The amendments to the Law aim on the one hand to reduce the administrative burden for businesses and on the other hand […]

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Employers’ Compensations

On 1 April 2020 in the State Gazette was published Ordinance № 55 laying down the conditions and procedure for payment of compensation to employers in order to preserve the number of employees in the period of state of emergency, announced by a decision of the National Assembly of 13 March 2020 (hereinafter referred to as Ordinance № 55). Two weeks after the […]

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