{"id":2819,"date":"2020-04-24T09:14:59","date_gmt":"2020-04-24T06:14:59","guid":{"rendered":"https:\/\/www.kgmp-legal.com\/en\/?p=2819"},"modified":"2020-12-31T09:56:58","modified_gmt":"2020-12-31T07:56:58","slug":"limits-for-cash-payments-in-bulgaria","status":"publish","type":"post","link":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/","title":{"rendered":"Limits for cash payments in Bulgaria"},"content":{"rendered":"<p>In&nbsp;order&nbsp;to effectively counteract the&nbsp;shadow economy limits for cash payments have been established in Bulgaria. The limitation of cash transactions apply both to legal entities and consumers.<\/p>\n<h5>According to the Bulgarian Limitation of Cash Payments Act, payments on the territory of the country are carried out by bank transfer or deposit in a payment account where:<\/h5>\n<ul>\n<li>their value is <strong>equal to or in excess of BGN 10,000<\/strong> (<a href=\"\/en\/currency-and-financial-regulations-in-bulgaria\">approx. EUR 5,110<\/a>) or <strong>their equivalent when payments are made in foreign currency<\/strong>;<\/li>\n<li>the value is <strong>below BGN 10 000<\/strong>, but they are <strong>part of a linked payment transaction on the same grounds<\/strong> whose total value is equal to or exceeds BGN 10,000.<\/li>\n<\/ul>\n<p>For example, <strong>linked payments are<\/strong> instalments of the purchase price of a property, monthly rental payments, dividends received&nbsp;by shareholders, loans, etc. Although each payment may itself be below the threshold, when together they exceed BGN 10,000 or their equivalent in foreign currency all payments need to be made via bank transfer, starting with the first of the instalments.<\/p>\n<h5>No limits for cash payments apply to:<\/h5>\n<ul>\n<li>cash withdrawals or deposits from\/to holder\u2019s own accounts;<\/li>\n<li>cash withdrawals or deposits from\/to accounts of fully or partially legally disabled individuals, spouses or lineal relatives;<\/li>\n<li>payments of employment remuneration. Payments due to anyone who is not an employee (e.g. consultancy fees) need to be made via bank transfer.<\/li>\n<\/ul>\n<p>Natural person, who violates or allows the violation of cash payments limits, can be <strong>fined up to 25 percent of the payment made<\/strong>. <strong>The fine for legal entities is 50 percent of the payment made<\/strong>. In case of repeated breach within 1 year period, <strong>the sanction is double.<\/strong><\/p>\n<p><em>For more information please do not hesitate to contact us by e-mail:<\/em> <a href=\"mailto:office@kgmp-legal.com\"><strong>office@kgmp-legal.com<\/strong><\/a>&nbsp;<em>or call us on<\/em><strong><em>:<\/em> +359 <\/strong><strong>2 851 72 59<\/strong>.<\/p>\n<hr>\n<h3>Send An Inquiry<\/h3>\n<div class=\"frm_forms  with_frm_style frm_style_formidable-style\" id=\"frm_form_5_container\" >\n<form enctype=\"multipart\/form-data\" method=\"post\" class=\"frm-show-form \" id=\"form_contact-form\"  >\n<div class=\"frm_form_fields \">\n<fieldset>\n<legend class=\"frm_hidden\">Contact Us<\/legend>\r\n\r\n<div class=\"frm_fields_container\">\n<input type=\"hidden\" name=\"frm_action\" value=\"create\" \/>\n<input type=\"hidden\" name=\"form_id\" value=\"5\" \/>\n<input type=\"hidden\" name=\"frm_hide_fields_5\" id=\"frm_hide_fields_5\" value=\"\" \/>\n<input type=\"hidden\" name=\"form_key\" value=\"contact-form\" \/>\n<input type=\"hidden\" name=\"item_meta[0]\" value=\"\" \/>\n<input type=\"hidden\" id=\"frm_submit_entry_5\" name=\"frm_submit_entry_5\" value=\"806a46a971\" \/><input type=\"hidden\" name=\"_wp_http_referer\" value=\"\/en\/wp-json\/wp\/v2\/posts\/2819\" \/><div id=\"frm_field_62_container\" class=\"frm_form_field form-field  frm_required_field frm_top_container frm_first frm_half\">\r\n    <label for=\"field_qh4icy2\" class=\"frm_primary_label\">Name\r\n        <span class=\"frm_required\">*<\/span>\r\n    <\/label>\r\n    <input type=\"text\" id=\"field_qh4icy2\" name=\"item_meta[62]\" value=\"\"  data-reqmsg=\"This field cannot be blank.\" aria-required=\"true\" data-invmsg=\"Name is invalid\" aria-invalid=\"false\"   aria-describedby=\"frm_desc_field_qh4icy2\"\/>\r\n    <div id=\"frm_desc_field_qh4icy2\" class=\"frm_description\">First<\/div>\r\n    \r\n<\/div>\n<div id=\"frm_field_63_container\" class=\"frm_form_field form-field  frm_required_field frm_hidden_container frm_half\">\r\n    <label for=\"field_ocfup12\" class=\"frm_primary_label\">Last\r\n        <span class=\"frm_required\">*<\/span>\r\n    <\/label>\r\n    <input type=\"text\" id=\"field_ocfup12\" name=\"item_meta[63]\" value=\"\"  data-reqmsg=\"This field cannot be blank.\" aria-required=\"true\" data-invmsg=\"Last is invalid\" aria-invalid=\"false\"   aria-describedby=\"frm_desc_field_ocfup12\"\/>\r\n    <div id=\"frm_desc_field_ocfup12\" class=\"frm_description\">Last<\/div>\r\n    \r\n<\/div>\n<div id=\"frm_field_64_container\" class=\"frm_form_field form-field  frm_required_field frm_top_container frm_full\">\r\n    <label for=\"field_29yf4d2\" class=\"frm_primary_label\">Email\r\n        <span class=\"frm_required\">*<\/span>\r\n    <\/label>\r\n    <input type=\"email\" id=\"field_29yf4d2\" name=\"item_meta[64]\" value=\"\"  data-reqmsg=\"This field cannot be blank.\" aria-required=\"true\" data-invmsg=\"Please enter a valid email address\" aria-invalid=\"false\"  \/>\r\n    \r\n    \r\n<\/div>\n<div id=\"frm_field_65_container\" class=\"frm_form_field form-field  frm_required_field frm_top_container frm_full\">\r\n    <label for=\"field_e6lis62\" class=\"frm_primary_label\">Subject\r\n        <span class=\"frm_required\">*<\/span>\r\n    <\/label>\r\n    <input type=\"text\" id=\"field_e6lis62\" name=\"item_meta[65]\" value=\"\"  data-reqmsg=\"This field cannot be blank.\" aria-required=\"true\" data-invmsg=\"Subject is invalid\" aria-invalid=\"false\"  \/>\r\n    \r\n    \r\n<\/div>\n<div id=\"frm_field_66_container\" class=\"frm_form_field form-field  frm_required_field frm_top_container frm_full\">\r\n    <label for=\"field_9jv0r12\" class=\"frm_primary_label\">Message\r\n        <span class=\"frm_required\">*<\/span>\r\n    <\/label>\r\n    <textarea name=\"item_meta[66]\" id=\"field_9jv0r12\" rows=\"5\"  data-reqmsg=\"This field cannot be blank.\" aria-required=\"true\" data-invmsg=\"Message is invalid\" aria-invalid=\"false\"  ><\/textarea>\r\n    \r\n    \r\n<\/div>\n<div id=\"frm_field_67_container\" class=\"frm_form_field form-field  frm_none_container\">\r\n    <label for=\"g-recaptcha-response\" class=\"frm_primary_label\">reCAPTCHA\r\n        <span class=\"frm_required\"><\/span>\r\n    <\/label>\r\n    <div id=\"field_yfzfd\" class=\"g-recaptcha\" data-sitekey=\"6LenX2UUAAAAAIl-iHljksV8msaIprt-vlSFPvXj\" data-size=\"normal\" data-theme=\"light\"><\/div>\r\n    \r\n    \r\n<\/div>\n\t<input type=\"hidden\" name=\"item_key\" value=\"\" \/>\n\t<div class=\"frm_submit\">\r\n\r\n<button class=\"frm_button_submit\" type=\"submit\"  >Submit<\/button>\r\n\r\n<\/div><\/div>\n<\/fieldset>\n<\/div>\n<\/form>\n<\/div>\n\n","protected":false},"excerpt":{"rendered":"<p>In&nbsp;order&nbsp;to effectively counteract the&nbsp;shadow economy limits for cash payments have been established in Bulgaria. The limitation of cash transactions apply both to legal entities and consumers. According to the Bulgarian Limitation of Cash Payments Act, payments on the territory of the country are carried out by bank transfer or deposit in a payment account where:&#8230;.<\/p>\n","protected":false},"author":2,"featured_media":2979,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[7],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v18.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Limits for cash payments in Bulgaria - Law Firm Kancheff, Gicheva, Marnikas and Partners<\/title>\n<meta name=\"description\" content=\"Limits for cash payments in Bulgaria. Payments are carried out by bank transfer where their value is equal to or in excess of BGN 10,000\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Limits for cash payments in Bulgaria - Law Firm Kancheff, Gicheva, Marnikas and Partners\" \/>\n<meta property=\"og:description\" content=\"Limits for cash payments in Bulgaria. Payments are carried out by bank transfer where their value is equal to or in excess of BGN 10,000\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/\" \/>\n<meta property=\"og:site_name\" content=\"Law Firm Kancheff, Gicheva, Marnikas and Partners\" \/>\n<meta property=\"article:published_time\" content=\"2020-04-24T06:14:59+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-12-31T07:56:58+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.kgmp-legal.com\/en\/wp-content\/uploads\/2020\/04\/Cash-payments-limits.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"549\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admkgmp\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/#website\",\"url\":\"https:\/\/www.kgmp-legal.com\/en\/\",\"name\":\"Law Firm Kancheff, Gicheva, Marnikas and Partners\",\"description\":\"Highly qualified legal services, legal and consultancy assistance on a wide range of cases\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.kgmp-legal.com\/en\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#primaryimage\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/www.kgmp-legal.com\/en\/wp-content\/uploads\/2020\/04\/Cash-payments-limits.jpg\",\"contentUrl\":\"https:\/\/www.kgmp-legal.com\/en\/wp-content\/uploads\/2020\/04\/Cash-payments-limits.jpg\",\"width\":1000,\"height\":549,\"caption\":\"limits for cash payments\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#webpage\",\"url\":\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/\",\"name\":\"Limits for cash payments in Bulgaria - Law Firm Kancheff, Gicheva, Marnikas and Partners\",\"isPartOf\":{\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#primaryimage\"},\"datePublished\":\"2020-04-24T06:14:59+00:00\",\"dateModified\":\"2020-12-31T07:56:58+00:00\",\"author\":{\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/#\/schema\/person\/ad920bd94b345fbebdf080941a46e3a7\"},\"description\":\"Limits for cash payments in Bulgaria. Payments are carried out by bank transfer where their value is equal to or in excess of BGN 10,000\",\"breadcrumb\":{\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"\u041d\u0430\u0447\u0430\u043b\u043e\",\"item\":\"https:\/\/www.kgmp-legal.com\/en\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Limits for cash payments in Bulgaria\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/#\/schema\/person\/ad920bd94b345fbebdf080941a46e3a7\",\"name\":\"admkgmp\",\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/www.kgmp-legal.com\/en\/#personlogo\",\"inLanguage\":\"en-GB\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/1a019114167a3c921b7fb45124be5d3a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/1a019114167a3c921b7fb45124be5d3a?s=96&d=mm&r=g\",\"caption\":\"admkgmp\"},\"url\":\"https:\/\/www.kgmp-legal.com\/en\/author\/admkgmp\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Limits for cash payments in Bulgaria - Law Firm Kancheff, Gicheva, Marnikas and Partners","description":"Limits for cash payments in Bulgaria. Payments are carried out by bank transfer where their value is equal to or in excess of BGN 10,000","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/","og_locale":"en_GB","og_type":"article","og_title":"Limits for cash payments in Bulgaria - Law Firm Kancheff, Gicheva, Marnikas and Partners","og_description":"Limits for cash payments in Bulgaria. Payments are carried out by bank transfer where their value is equal to or in excess of BGN 10,000","og_url":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/","og_site_name":"Law Firm Kancheff, Gicheva, Marnikas and Partners","article_published_time":"2020-04-24T06:14:59+00:00","article_modified_time":"2020-12-31T07:56:58+00:00","og_image":[{"width":1000,"height":549,"url":"https:\/\/www.kgmp-legal.com\/en\/wp-content\/uploads\/2020\/04\/Cash-payments-limits.jpg","type":"image\/jpeg"}],"twitter_card":"summary_large_image","twitter_misc":{"Written by":"admkgmp","Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebSite","@id":"https:\/\/www.kgmp-legal.com\/en\/#website","url":"https:\/\/www.kgmp-legal.com\/en\/","name":"Law Firm Kancheff, Gicheva, Marnikas and Partners","description":"Highly qualified legal services, legal and consultancy assistance on a wide range of cases","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.kgmp-legal.com\/en\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"ImageObject","@id":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#primaryimage","inLanguage":"en-GB","url":"https:\/\/www.kgmp-legal.com\/en\/wp-content\/uploads\/2020\/04\/Cash-payments-limits.jpg","contentUrl":"https:\/\/www.kgmp-legal.com\/en\/wp-content\/uploads\/2020\/04\/Cash-payments-limits.jpg","width":1000,"height":549,"caption":"limits for cash payments"},{"@type":"WebPage","@id":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#webpage","url":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/","name":"Limits for cash payments in Bulgaria - Law Firm Kancheff, Gicheva, Marnikas and Partners","isPartOf":{"@id":"https:\/\/www.kgmp-legal.com\/en\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#primaryimage"},"datePublished":"2020-04-24T06:14:59+00:00","dateModified":"2020-12-31T07:56:58+00:00","author":{"@id":"https:\/\/www.kgmp-legal.com\/en\/#\/schema\/person\/ad920bd94b345fbebdf080941a46e3a7"},"description":"Limits for cash payments in Bulgaria. Payments are carried out by bank transfer where their value is equal to or in excess of BGN 10,000","breadcrumb":{"@id":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.kgmp-legal.com\/en\/limits-for-cash-payments-in-bulgaria\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"\u041d\u0430\u0447\u0430\u043b\u043e","item":"https:\/\/www.kgmp-legal.com\/en\/"},{"@type":"ListItem","position":2,"name":"Limits for cash payments in Bulgaria"}]},{"@type":"Person","@id":"https:\/\/www.kgmp-legal.com\/en\/#\/schema\/person\/ad920bd94b345fbebdf080941a46e3a7","name":"admkgmp","image":{"@type":"ImageObject","@id":"https:\/\/www.kgmp-legal.com\/en\/#personlogo","inLanguage":"en-GB","url":"https:\/\/secure.gravatar.com\/avatar\/1a019114167a3c921b7fb45124be5d3a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/1a019114167a3c921b7fb45124be5d3a?s=96&d=mm&r=g","caption":"admkgmp"},"url":"https:\/\/www.kgmp-legal.com\/en\/author\/admkgmp\/"}]}},"_links":{"self":[{"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/posts\/2819"}],"collection":[{"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/comments?post=2819"}],"version-history":[{"count":4,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/posts\/2819\/revisions"}],"predecessor-version":[{"id":2980,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/posts\/2819\/revisions\/2980"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/media\/2979"}],"wp:attachment":[{"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/media?parent=2819"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/categories?post=2819"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.kgmp-legal.com\/en\/wp-json\/wp\/v2\/tags?post=2819"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}