accounting bulgaria

September 2017

News by the NRA – amendment to tax return needed in case of an error regarding hidden distribution of profits

2018-03-20T15:54:45+02:00September 25th, 2017|Doing Business in Bulgaria, Taxation in Bulgaria|

Dear Clients and Partners, With the below listed, hereby we would like to highlight the latest news distributed by the National Revenue Agency in regards to the declared petty cash availabilities into the Balance sheets of the companies, published their Financial reports for year 2016.  Kindly be aware, that If the amount stated in the financial statement as a [...]

July 2016

New Requirements for Companies Which Are Subject to Statutory Independent Audit

2018-03-20T15:54:45+02:00July 5th, 2016|Accounting, Changes in Legislation, Clients Showcase|

As of 2016, there has been changes in the quantitative criteria regarding the statutory financial audit. These changes shall be applicable for the publishing of the financial statements for year 2016 and they are as follows:   Audit requirements Old legislation New legislation Balance value of assets 1 500 000 BGN 2 000 000 [...]

February 2016

Important changes in labour and tax legislation 2016

2018-03-20T15:54:45+02:00February 3rd, 2016|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Changes in Legislation, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

Dear clients and partners, As from 1st of January 2016, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we have [...]

January 2012

Year-End Closure and Publishing the Financial Statements for 2011

2012-01-26T10:24:39+02:00January 26th, 2012|Accounting, Bulgarian Laws in English, Bulgarian Tax Guide, Doing Business in Bulgaria, Questions & Answers, Taxation in Bulgaria|

It is the beginning of the year and according the Chapter 5 from the Accounting Law every single Bulgarian company is obliged to complete the year end closure and to prepare and publish its financial statements. The deadlines for the above mentioned obligations are the following: - for the submission of the Annual Tax Returns [...]

December 2011

Joint-Stock Company – Establishment, Rights and Obligations – Part I

2018-03-20T15:54:46+02:00December 8th, 2011|Accounting, Bulgarian Laws in English, Consulting, Doing Business in Bulgaria, Incorporation in Bulgaria|

The joint-stock company is a classic capital trade company in which there is almost a full detachment between the legal entity and the shareholders. For that reason the partners are called shareholders. The capital of the company is divided into equal parts, called shares. The shares are securities which materialize the capital and the participation [...]