As of 1 January 2022, the new Double Tax Treaty between Bulgaria and the Netherlands started to apply. In our newsletter you can read more about which are the key moments in the new treaty and what changes may be required as a result of them:
On 17 December 2021, the deadline for the transposition of the so-called Whistleblowing Directive expired. Bulgaria failed to meet this deadline, moreover no bill has yet been submitted to the National Assembly. This delay and the uncertainty surrounding the new requirements will likely pose serious challenges for businesses. You can read more about what is important for companies to know in order to be better prepared for these challenges in our newsletter:
In a climate of increasing inflation, the issue of payment deadlines is gaining significance. You can read more about the payment deadlines in commercial transactions in our newsletter:
A few days ago, the Bulgarian Personal Data Protection Commission published a template of Notification for personal data breach. You can read more about this in our newsletter:
On 04 June 2021 the European Commission published the new Standard Contractual Clauses for transfer of personal data to third countries. You can read more about this in our newsletter:
On 1 March 2021, amendments came into force to Ordinance № 5 of 2002 on the Content and Procedure for Sending the Notification Under Art. 62, para. 5 of the Labour Code. The amendments are reasoned by general considerations of improved control on the compliance with labour and social security laws and protection of employees through timely collection of information about their employment (including postings and dismissals). You can read more about this in our newsletter:
On 22 January 2021 amendments to the Bulgarian Ordinance on the Terms and Conditions of Posting of Workers within the Framework of Provision of Services were promulgated, transposing Directive (EU) 2018/957.The amendments have an impact both on the outbound and the inbound postings to Bulgaria within the framework of provision of services. You can read more about this in our newsletter:
As of 1 January 2021 the United Kingdom is formally a third country and the European Union law no longer applies there. How is the transfer of personal data from the European Union to the United Kingdom affected? You can read more about this in our newsletter:
In accordance with the changes in Measures Against Money Laundering Act, promulgated on 26 January 2021 in Issue 7 of State Gazette, the wholesalers are now excluded from the scope of obliged persons/entities which are required to apply measures against money laundering. You can read more about this in our newsletter:
On 10 November 2020 the European Data Protection Board adopted recommendations on measures that supplement the tools for transfer of personal data in the light of the Schrems II Judgement of the Court of Justice of the European Union. Two days later, the European Commission published its draft set of new standard contractual clauses. You can read more about these issues related to the transfer of personal data to third countries in our newsletter:
The Parliament adopted an Act on the Amendment and Supplement of the Labour Code which was promulgated in the State Gazette on 18th December 2020. The changes concern the applicability of collective labour agreements, maximum overtime periods and periods for calculation of summarized working time, amongst others. You can read more about the scope of the amendments and supplements of the Labour code in our newsletter:
The deadline to report cross-border arrangements under DAC-6 in Bulgaria has been extended to 28 February 2021. More information about the new deadlines as well as the reporting information can be found in our newsletter:
Today the Court of Justice of the European Union invalidated the EU-US Privacy Shield but confirmed the validity of the Standard Contractual Clauses for the transfer of personal data to processors established in third countries. You can read more about this crucial judgement, as well as about other data protection issues, in our newsletter:
There is one week left until the expiry of the term for transposition by Member States of the new rules on posting of workers within the framework of provision of services. You can read more about this in our newsletter:
Should manufacturers pay customs duties and VAT on royalties charged by related parties when they import goods purchased from third parties? You can read more about this in our newsletter:
Consequences and reactions after the Judgment of the Court of Justice of the European Union on the Standard Contractual Clauses and the EU-US Privacy Shield – in our newsletter: