CJEU Ruling on Biometric Data and GDPR Compliance
27.02.2024

In light of privacy regulations, the Court of Justice of the European Union has stressed the significance of biometric data and DNA profiles in verifying potential involvement in crimes, particularly ...

  Absolute statute of limitations in administrative-penal proceedings
26.02.2024

The Administrative Violations and Sanctions Act (AVSA) outlines the framework for administrative-criminal responsibility, including statutes of limitations. These statutes consist of an extinguishment statute, which bars authorities from exercising powers ...

  Electronic Inquiries for Property Seizures
26.02.2024

The Ministry of Justice has unveiled an efficient solution for individuals and legal entities seeking information regarding property seizures through an electronic inquiry system available on its website. The newly ...

  Updated procedure for data storage by employers
22.02.2024

Тhe data in the declaration regarding mandatory contributions and taxes under Article 41a and/or Article 42 of the Personal Income Tax Act (PITA) were updated. This declaration is provided by ...

  Update on Regulatory Framework for Virtual Currency Services
22.02.2024

Blockchain currencies, defined in Bulgaria as virtual money, are subject to heightened interest in the implementation of measures against money laundering. Changes in the sub-legislative regulatory framework regarding persons providing ...

  New Procedures for Reporting Beneficial Owner Data Discrepancies and Larger Fines for Non-compliance
08.02.2024

Legal changes to the Anti-Money Laundering Measures Act (AMLA) introduce stricter obligations and penalties regarding the declaration of beneficial owners. Non-compliance notification Recent legal amendments have introduced new rules for ...

  Unlocking New Funding Avenues: SME Fund 2024 Offers Fresh Opportunities for Trademark Protection
07.02.2024

The SME Fund provides financial support to small and medium-sized enterprises (SMEs) based in the European Union (EU) for the protection of their intellectual property (IP) rights. SMEs can apply ...

  New Updated Rules on the Value Added Tax
07.02.2024

On December 22, 2023, amendments to the Value Added Tax Act (“VATA”) were published in the Official Gazette. These revisions aim to synchronize the VATA with European Union legislation and ...

  Amendments to the Tax-Insurance Procedure Code and Other Concurrently Adopted Laws
07.02.2024

On December 22, 2023, amendments to the Tax-Insurance Procedure Code (“TIPC”), Labour Code (“LC”), and several other laws were simultaneously published in the State Gazette. Amendments to the TIPC The ...

  Explore the Latest Updates in the Corporate Income Tax Act
07.02.2024

The amendments to the Corporate Income Tax Act (CITA) were officially announced in the State Gazette at the close of 2023. Here the highlights: Introduction of a new tax: Taxation ...

  Updates to the Local Taxes and Fees Act: Stay Informed
07.02.2024

Significant amendments to the Local Taxes and Fees Act (LTFA) were adopted in late December 2023, as follows: Introduction of amendments regarding tax relief for buildings that have received energy ...