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 […]
Fines for Violations of Accounting and Tax Regulations in Bulgaria
Violations of accounting regulations in Bulgaria can lead to severe financial and criminal penalties for both individuals and companies. Therefore, understanding the regulations before company formation in Bulgaria is essential to avoid legal issues and fines. In this article, we will examine the main penalties for accounting violations in Bulgaria and provide useful advice on […]
Freelance in Bulgaria: Essential Legal Aspects for Digital Nomads
Digital nomadism is revolutionizing the way we work and live, offering unprecedented freedom and flexibility. Bulgaria is becoming an increasingly popular destination due to its affordability, spectacular landscapes, and rich, diverse culture. However, it’s essential to understand the legal aspects before starting to freelance in Bulgaria or start a company in Bulgaria. This article explores […]
How to Set Up and How a Joint Stock Company Works in Bulgaria
A joint stock company (“JSC” or “AD”, in Bulgarian “АД”) in Bulgaria is one of the most common forms of capital companies in Bulgaria. It is a company characterized by capital divided into shares, ideal for raising capital from multiple investors. Joint stock companies are particularly suitable for large businesses that require a broad financing […]
Bulgarian Accounting Act: New Rules and Obligations
The amendments to the accounting Act, effective retroactively from July 6, 2024, introduces significant new obligations for businesses, including sustainability reporting, raising thresholds for business category classification, and mandatory financial audits for certain companies. These new provisions affect anyone who has company registration in bulgaria. Bulgarian Accounting Act: Sustainability Reporting One of the main innovations is […]