Accountancy in Bulgaria

If you have a company in Bulgaria, then you need to prepare annual financial statements on the activities of the company. Financial reporting, management report, and auditor’s report – we are ready to provide you with all these services for your business.

Bookkeeping solution

The specialists of our company will be happy to help you with bookkeeping in Bulgaria. We provide a comprehensive, quality service for you. We provide all types of audit services including, financial reporting, management reports, and auditor’s reports, as well as give a consultation.

Support for statutory or internal audit
We provide statutory and internal audit services to any organization is one of the important aspects of business activity.

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HR payroll management

The goal of HR payroll management is to simplify HR management processes and save your time. Payroll and tax calculations are also included in the package.

Support for statutory or internal audit

We provide statutory and internal audit service to any organization is one of the important aspects of business activity.

Preparation of annual reports

Every year the company must submit an annual report about their activities with or without profit. Our company provides accounting services for enterprises in Bulgaria, which operate in various fields of activity.

Drawing up permanent reports on accounting documents

All organizations in Bulgaria are required to prepare financial statements based on synthetic and analytical accounting data. The financial statements are signed by the head and the chief accountant (accountant) of the organization. By law, tax reports are submitted to the regulatory authorities on a monthly or quarterly basis.

Management of company accounts

Management accounting is one of the key factors when discussing business programs, plans, and goals in large organizations. Management accounts are usually built from multiple income statements of the firm. Management reports are usually prepared monthly or quarterly.

Bookkeeping consultation

If you need more information about bookkeeping in Panama, contact us and request consultation.

Bookkeeping for business

Our company provides consultations and highly qualified accounting services, on issues of legislation and taxation. Our company offers full accounting support in Bulgaria.

Taxes in Bulgaria

One of the reasons why Bulgaria is a great choice for business formation is a low tax rate which is one of the lowest in all of Europe. Learn taxes and get most of the Bulgarian company.

Corporate income tax

The income tax rate in Bulgaria is 10%. This is one of the lowest rates in Europe. Residents of Bulgaria are subject to taxation on income earned both in Bulgaria and abroad. Non-residents of Bulgaria are subject to income tax only on income earned in Bulgaria.

Withholding tax

Income from dividends paid by Bulgarian companies to non-residents of Bulgaria is taxed at the rate of 5% at the source of payment. Residents of Bulgaria pay tax on income from dividends received domestically and abroad at the rate of 5%, reflecting the income in the tax return.

Value added tax

The value-added tax rate in Bulgaria is 20%. The reduced rate is set for hotels and owners who rent out their properties at 9%. Zero VAT rate applies to Bulgarian exports and international transport services.

Learn about taxes

Many foreign businessmen choose Bulgaria for doing business in Europe, all because taxes in this country are quite low. If you have any questions about taxation in Bulgaria, please contact us. Learn about taxation and tax rate in the Bulgarian jurisdiction with us.

Financial reports

Following the law, most companies in Bulgaria are required to file annual financial statements. The transfer of this data takes place in electronic or paper form. Depending on the size and specificity of the enterprise, the law prescribes a different amount of published information.

The filing of financial statements in Bulgaria is regulated by the Accounting Law, the Commercial Law, and other regulations.
Small and medium-sized businesses in Bulgaria submit reports under national standards, the rest of the enterprises submit full reports based on International Financial Reporting Standards (IFRS).

Characteristics of small and medium enterprises in Bulgaria

Financial statements in Bulgaria are submitted to the Commercial Register.

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