Accounting services in Bulgaria: bookkeeping, VAT and social contributions

Accounting in Bulgaria has its own particularities due to the specific tax system, the use of the VAT mechanism and a distinctive scheme of social and pension contributions. Whatever the purpose of setting up a company in Bulgaria (for an actual business, for holding real estate or other assets), the organisation is obliged to file its reports on time. If it has income, it must also pay taxes and mandatory insurance contributions ("osigurovki").

Starting a business in a country with unfamiliar legislation calls for maximum care in accounting matters. The substantial size of fines in Bulgaria makes it impossible to neglect bookkeeping rules. Finding a qualified and available in-house accountant can be difficult and expensive, so the optimal alternative is to engage a professional accounting firm, which saves time and money while minimising risks in dealings with the tax and supervisory authorities.

The accounting firm Bulgarian Expert has worked in administrative and accounting services for many years. Our team guarantees confidentiality and correct partnership. Our service does not require your presence in person — document flow can be handled with remote access.

Main types of accounting services

Subscription-based accounting service: The most cost-effective format for businesses of any legal form. By signing an annual subscription contract, you receive full support and protection before all the state institutions that oversee your company's activity.

HR and payroll: The service can be provided either as part of the subscription package or separately. We take on personnel records, payroll statements, filing of sick leave certificates and declarations with the National Social Security Institute (NOI), drawing up employment contracts and employee personal files, and preparing payment orders for salaries and insurance contributions.

Annual financial statements: If your in-house accountant is not entitled to prepare and sign the annual financial statements under the requirements of the Bulgarian Accountancy Act, or if the company has not been active during the year and has had no accountant, our specialists will prepare, certify or review your company's financial statements.

Tax consulting: Strict reporting deadlines and heavy fines require impeccable compliance with the rules on documenting business activity and paying taxes. Our experts hold consultations at the company's office as well as online by prior arrangement.