T&G Consulting - Accounting Services

HR and Payroll Services

T&G Consulting – Your reliable partner for payroll services

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Here are some of our payroll services we offer:

  • Registration of self-insured persons;
  • Initial consultation on the form of recruitment of staff;
  • Preparation and registration of employment contracts, additional agreements, civil contracts;
  • Preparation and registration of orders for termination of employment relations;
  • Filling in employment and social security documents;
  • Preparation of monthly payrolls and pay slips;
  • Preparation of payment documents and reference to payment codes of the social security contributions due in order to facilitate the payment of social security contributions;
  • Submission of sick leave documents to the NSSI (National Social Security Institute);
  • Preparation of business official notices;
  • Statement of the cost of salaries and social security contributions;
  • Representation before NSSI (National Social Security Institute) in inspections and audits.

Payroll Services

Payroll services and accountability of staff are of utmost importance in any successful company.

For this area of the accounting services, in addition to accounting skills, excellent knowledge of Labor and Tax Legislation as well as the constant upgrade of this knowledge is also needed.

When employing staff, there are many questions related to payroll services, such as: what type of contract to use for the person’s employment? Should it be a civil or employment contract? Should it be on a four-hour or eight-hour workday? What documents are needed for the employment of the worker in your company? Do I even need a outsource payroll services? What documents need to be submitted when inspected by the Labor Inspectorate? Is it possible that the worker is employed on an eight-hour contract of employment but works shifts on the company’s internal schedule?

These and many other questions, sometimes of a much more complex nature, arise when it comes to payroll  and staff honesty.

We at T&G Consulting constantly develop our skills and monitor changes in Tax and Labor Laws. This way, you can be sure that the payroll services offered by us are always in accordance with the most up-to-date Legal Amendments

Answers to your questions

First, we prepare all the necessary documents for company registration, which takes between 1-5 working days.

After that, it is necessary to open an accumulation company bank account, which for Bulgarian citizens happens immediately, but for foreign citizens, there is often an inspection by the bank, which can last between 1-20 working days.

It is also necessary to make a notarization of an affidavit in front of a notary, which is done immediately.

And finally, after all actions mentioned above have been completed, it takes up to 3 days for the company registration in the Commercial Register to be finalized.

Yes, we at T&G Consulting assist with company registration completely remotely. You don’t need to be in Bulgaria or travel to the country. For your convenience, we will assist you throughout the entire process.

Pricing depends on a number of different factors. We form our prices after we have familiarized ourselves with your business activity and the amount of work we will need to do. For this purpose, please fill out the questionnaire on the ‘Pricing’ page or contact us directly.

It depends on your activity and the way you will develop your company. Many specific factors must be taken into consideration, so we recommend that you consult with a specialist to examine your case and whether you fall under any of the hypotheses for mandatory VAT registration.

Here are two of the most common cases in which you are subject to mandatory VAT registration:

- If for the last 12 months you have exceeded a turnover of BGN 100,000. (The threshold of BGN 100,000 comes into force on 01.01.2023, before that date the threshold is BGN 50,000)

- You perform or receive services on the territory of the EU - in this case, you need to register no later than 7 days before the date of occurrence of the tax event

Corporate tax in Bulgaria is 10% and does not change regardless of the turnover of your company. This makes Bulgaria one of the most attractive places for investment and business development in Europe.

In Bulgaria, the dividend tax is 5%, both for Bulgarian and foreign citizens.

Yes, Bulgaria signed double taxation treaties with more than 60 countries worldwide in order to avoid double taxation.

Our team speaks English and Russian. This allows us to work with clients outside of the country who wish to take advantage of the attractively low taxes in Bulgaria.