Our standard payroll service is managed by experienced, dedicated payroll experts. As this is a heavily-regulated part of Bulgarian legislation, MiP Consulting’s payroll service is designed to ensure the Client’s compliance with Bulgarian law, while still achieving their strategic objectives.
Our service includes the following:
- Processing of payroll information and calculation of staff remuneration upon receipt of data (including bonus systems, fringe benefits, overtime etc.);
- Calculation of absences: holidays, sick leave, maternity benefit and others;
- Preparation of salary pay slips;
- Disbursement of funds to the employees/contractors using the Client’s payroll subaccount, if required;
- Registration of the Client and its employees’ data at the Social Security and tax offices, as well as other required institutions;
- Preparation and submission of monthly tax and social security returns;
- Preparation of payment orders to the social security and tax offices, using the Client’s payroll account.
