Accounting in Bulgaria: A Practical Guide to Tax Management for Businesses
Properly managing accounting obligations is essential for anyone looking to open a company in Bulgaria or conduct economic activities in the country. Bulgarian tax legislation requires transparency, punctuality, and accuracy in recording economic transactions, regardless of the legal form of the company. This guide provides a detailed overview of the accounting requirements in Bulgaria, divided […]
New VAT Rules in Bulgaria: Lowered Threshold for Mandatory Registration
As of April 1, 2025, Bulgaria’s tax system has undergone a significant change that is set to impact businesses and self-employed professionals alike. The Bulgarian National Revenue Agency (NRA) has officially announced the lowering of the turnover threshold that mandates VAT registration in Bulgaria: the limit has been reduced from BGN 166,000 to BGN 100,000 […]
Residence Permit in Bulgaria for EU and Non-EU Citizens: How to Apply
Establishing residence in Bulgaria can offer numerous opportunities, both personal and professional. Whether moving for work, study, or with the goal of open a company in Bulgaria, the first essential step is obtaining a residence permit. This document provides the legal basis to live in the country and access a wide range of services. This […]
Deductible Expenses in Bulgaria: What Are They?
In the context of tax planning, understanding deductible expenses is essential for optimizing the financial management of a business. This is especially true for those looking to start a company in Bulgaria, where the tax system offers several deduction opportunities but also requires strict adherence to documentation and regulatory compliance. The deductibility of expenses allows businesses […]
Tax in Bulgaria: Complete Guide on BG Tax Rates [2025]
Recent years have seen Bulgaria in the light spot thanks to a myriad of reasons, among which are its stable financial system, government policies dedicated to attracting businesses, increasingly appealing tax rates, and a well-educated workforce with somewhat lower labour costs. Additionally, Bulgaria is also a member of the European Union, making it easier for […]
Issuing Invoices in Bulgaria: Mistakes to Avoid
Issuing invoices is a critical aspect of the financial management of any company. It might seem like a simple and repetitive task, but it plays a fundamental role in ensuring that the company’s revenue is accurately recorded and managed. This is essential for the proper functioning of the company, including the timely payment of salaries […]
Corporate Income Tax and Dividends: How It Works in Bulgaria
Corporate income tax, commonly referred to as corporate profit tax, is a fundamental pillar of the tax system in Bulgaria. This legislation is crucial for anyone looking to open a company in Bulgaria to understand. It is designed to ensure that all businesses contribute fairly to the state budget according to their financial success. This tax affects […]
Reverse Charge VAT: Why It’s Important for Businesses in Bulgaria
The reverse charge VAT mechanism is a crucial aspect of the tax system within the European Union, designed to optimize VAT management in international trade and combat tax fraud. At Accountancy Bulgaria, a Bulgarian bookkeeping society , we understand this well. This system is particularly important for businesses operating in Bulgaria, offering them an effective […]
How to Register a Company Remotely in Bulgaria
Bulgaria, with its favorable climate for entrepreneurial activities, has established itself as a preferred destination for entrepreneurs and investors attracted by the opportunities of a dynamic market. With one of the lowest corporate tax rates in Europe and a welcoming environment for businesses, it offers significant advantages for those looking to start or expand their […]
Accountant for Startups and SMEs in Bulgaria: Why They Are Essential
In the world of Bulgarian startups and SMEs, the role of an accountant is often overlooked but is crucial to business success. With a complex regulatory landscape and the need for efficient financial management, an accountant plays a fundamental role in overcoming challenges and driving growth. In this article, we explore how an accountant can […]