The description of our package: 1.500 €.

The Bulgaria is favourable to businesses not only because of the favourable tax regime, but also because of low operating costs and privileged access to various markets. Due to its locations, Bulgaria offers direct access to the markets of the European Union, Turkey, the CIS, the Middle East and North Africa.
Bulgarian accounting requirements are governed by the new Accounting Act (AA) and the main criteria for its application to companies are either the use of the International Financial Reporting Standards (IFRS) adopted by the European Union or the National Accounting Standards (NAS) of Bulgaria.
All companies are required to prepare their annual individual financial statements and annual management reports on activities by March 31 of the following year. Management is responsible for the timely preparation of the financial statements and their contents.

In addition, all companies are required to file and pay their annual corporate tax returns to the tax authorities by 31 March of the following year.
In addition, all entities are required to prepare annual financial statements with a financial year ending December 31 to June 30. These financial statements are the responsibility of the Company's management. However, depending on the classification of the company (micro, small, medium, large or EIP), different criteria or certain exemptions may apply for the preparation of the annual financial statements.

 

Accounting Department in Bulgaria

 

Services provided

We provide full and partial online Accounting Services in Bulgaria. Trusting us with the figures will give you more free time to develop your business.
The Business Finance International accounting team will ensure that you both meet your reporting requirements and comply with local legislation. As a company operating in Bulgaria, you would also require assistance with tax reporting and the preparation and submission of the annual report.

There is a significant penalty for the late submission of financial statements. The penalty can vary between 0.1 and 0.5% of the entity's net sales for the year. Our services will ensure that you do not miss your deadlines.

Accounting services provided by the Business Finance International accounting team also include

  • Preparation of financial reports;
  • Creation and submission of annual financial statements;
  • Submission of the report to the tax authorities;
  • Virtual assistance for any question concerning taxation in Bulgaria;
  • Other accounting services.
  • Trial Balance - Monthly
  • Preparation and calculation of VAT - monthly
  • Bank reconciliations up to 2 bank accounts - Monthly
  • Financial Statements - Balance Sheet + Net Income + Cash Flow Statement - Annual
  • Payroll - calculation of social security and wages up to 1 employee - Monthly
  • Representation National Revenue Agency, National Social Security Institute, banks
  • Annual accounting closing, preparation of annual financial statements and income tax return

* – The amount indicated is a starting price for 1 year of professional accounting services.

 

1.500 €

 

If you are interested in the Accounting Service in Bulgaria, contact our experts