Payroll Related Taxes
The employee compensation and taxation environment in Bulgaria has changed in recent years, mainly due to globalization. This has induced local employers to search for innovation, cost efficiency and tax protection for their employees. This, along with the increasing complexity of tax issues and better trained teams from the tax authorities, has increased the need to obtain professional assistance in these tax matters.
Issues related to personnel policy and payroll liabilities are relevant to all businesses, irrespective of the types of activities they perform. Thus, planning and improvement of the personal income tax and social security liabilities due on employees’ remuneration is an issue of crucial importance. Dealing with payroll problems requires in-depth knowledge of the relevant legislative rules and procedures.
How Can KPMG Help Your Business?
We will assist you in enhancing your payroll function with regard to all types of payroll liabilities. We will differentiate between the various categories of personnel (employed or assigned under other agreements) when analyzing the current payroll structure of your company and will aim to bring about proper withholding and payment of taxes due. We will also assist you in determining the most beneficial way to re-structure effectively the remuneration packages of your employees/assignees to reduce costs. We offer a wide range of payroll services which include ongoing tax compliance and individually tailored advice on payroll issues, assistance with filing of personal income tax returns and helping to ensure that all legislative payroll obligations are met.
Why Choose KPMG?
We will apply our sound knowledge of the personal income tax and social security legislation, as well as our extensive experience in assisting you with planning and optimizing your payroll liabilities. When crafting a tax optimization strategy, our advisors will consider the latest regulatory changes and court decisions, as well as the current practices of the tax authorities. KPMG can provide you with payroll planning strategies and propose efficient approaches in this respect. Our services cover the whole spectrum of payroll liabilities (personal income tax, social security, health insurance and Unemployment Fund contributions). Intensive co-operation with other KPMG offices allows us to provide an international service to clients and to adopt a comprehensive and international approach to the issues. In order to provide an outstanding service to the client, we have developed specialized teams that have a deep knowledge of the clients, their needs and their long-term strategy. This close relationship with our clients allows us to find the best solutions and opportunities.
Benefits For Your Business
Our professionals can construct and present new employment and remuneration structures in the fields of personal taxation and social security that are effective from both the employer’s and the employees’ point of view. We can analyze existing structures and remuneration systems and seek ways to optimize them.
The employee compensation and taxation environment in Bulgaria has changed in recent years, mainly due to globalization. This has induced local employers to search for innovation, cost efficiency and tax protection for their employees. This, along with the increasing complexity of tax issues and better trained teams from the tax authorities, has increased the need to obtain professional assistance in these tax matters.
Issues related to personnel policy and payroll liabilities are relevant to all businesses, irrespective of the types of activities they perform. Thus, planning and improvement of the personal income tax and social security liabilities due on employees’ remuneration is an issue of crucial importance. Dealing with payroll problems requires in-depth knowledge of the relevant legislative rules and procedures.
How Can KPMG Help Your Business?
We will assist you in enhancing your payroll function with regard to all types of payroll liabilities. We will differentiate between the various categories of personnel (employed or assigned under other agreements) when analyzing the current payroll structure of your company and will aim to bring about proper withholding and payment of taxes due. We will also assist you in determining the most beneficial way to re-structure effectively the remuneration packages of your employees/assignees to reduce costs. We offer a wide range of payroll services which include ongoing tax compliance and individually tailored advice on payroll issues, assistance with filing of personal income tax returns and helping to ensure that all legislative payroll obligations are met.
Why Choose KPMG?
We will apply our sound knowledge of the personal income tax and social security legislation, as well as our extensive experience in assisting you with planning and optimizing your payroll liabilities. When crafting a tax optimization strategy, our advisors will consider the latest regulatory changes and court decisions, as well as the current practices of the tax authorities. KPMG can provide you with payroll planning strategies and propose efficient approaches in this respect. Our services cover the whole spectrum of payroll liabilities (personal income tax, social security, health insurance and Unemployment Fund contributions). Intensive co-operation with other KPMG offices allows us to provide an international service to clients and to adopt a comprehensive and international approach to the issues. In order to provide an outstanding service to the client, we have developed specialized teams that have a deep knowledge of the clients, their needs and their long-term strategy. This close relationship with our clients allows us to find the best solutions and opportunities.
Benefits For Your Business
Our professionals can construct and present new employment and remuneration structures in the fields of personal taxation and social security that are effective from both the employer’s and the employees’ point of view. We can analyze existing structures and remuneration systems and seek ways to optimize them.
