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Is accounting support required after establishing a company in Bulgaria?

Is accounting support required after establishing a company in Bulgaria?

Companies must maintain proper accounting records and comply with their financial reporting obligations. The scope of accounting support depends on factors such as transaction volume, number of employees, and business activity.

What Accounting Covers in Practice

  • Recording sales and purchase invoices and bank transactions
  • VAT returns, if the company is VAT registered
  • Payroll and social security filings, if there are employees
  • Annual financial statements and their publication in the Commercial Register

Even a company with few transactions has annual reporting duties. Our accounting and tax management service handles these, and tax registration and the start of financial management explains the first steps.