GDPR became enforceable beginning 25 May 2018 Aug29

GDPR became enforceable beginning 25 May 2018

The General Data Protection Regulation (EU) 2016/679 or GDPR is a regulation in EU law on data protection and privacy for all individuals within the European Union and the European Economic Area. It also addresses the export of personal data outside the EU and EEA areas. The GDPR aims primarily to gi...

Read More
The Bulgarian measures against money laundering act sets up new requirements for the obliged persons Apr07

The Bulgarian measures against money laundering act sets up new requirements for the obliged persons

The new Bulgarian Measures Against Money Laundering Act (MAMLA) was promulgated in March 2018. The law sets up new requirements for 35 categories of persons listed in Art. 4 of MAMLA. The measures for the prevention of the use of the financial system for the purposes of money laundering are binding for the financial institutions, the...

Read More
International Forum Gathered Leading Attorneys Apr16

International Forum Gathered Leading Attorneys

International Forum for Foreign Investment and Investment in Real Estate Gathered Leading Attorneys from Bulgaria and Abroad The managing partners att. Stephaniya Gicheva and att. Pepa Marnikas from Law Firm "Kanchev, Gicheva, Maricence and Partners" took part in the international seminar "Foreign Investments and ...

Read More
Taxation in Bulgaria Aug03

Taxation in Bulgaria

Legal entities are obligated to pay different types of taxes in Bulgaria - corporate tax (income tax), VAT, tax on dividends and liquidation shares from participation in local legal entities, interest tax, etc. Here is a brief overview of tax regime in Bulgaria. CORPORATE INCOME TAX (CORPORATE...

Read More
Property taxes and fees in Bulgaria Aug05

Property taxes and fees in Bulgaria

The Local Taxes and Fees Act (LTFA) regulates the regime for taxation with property taxes and fees in Bulgaria. Here is a brief overview of the main property taxes and fees in Bulgaria. REAL ESTATE TAX With real estate tax are levied the located on the territory of the countr...

Read More
Currency and financial regulations in Bulgaria Aug13

Currency and financial regulations in Bulgaria

Here is a brief overview of currency and financial regulations in Bulgaria. Common financial information The official currency of Bulgaria is the Lev (BGN). Bulgaria is a country that operates under a currency board. There is a fixed exchange rate for 1 Euro = 1.95583 L...

Read More
The operator of a website with a Facebook ‘Like’ button is a controller jointly with Facebook in respect of the collection and transmission to Facebook of the personal data of visitors to its website Aug14

The operator of a website with a Facebook ‘Like’ button is a controller jointly with Facebook in respect of the collection and transmission to Facebook of the personal data of visitors to its website

In its judgment in Case C-40/17 (Fashion ID case), the Court of EU finds that the operator of a website that features a Facebook ‘Like’ button can be a controller jointly with Facebook. When a visitor consults the such website, that visitor’s personal data are transmitted to Facebo...

Read More