Bulgaria – Accounting and Bookkeeping Services

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Accounting Services for Bulgarian Entities

BACK - BULGARIA

Bulgaria applies the International Standards of Financial Reporting (IFRS) and the International Standards of Auditing (ISA), approved by the European Union. The standards apply to banks, insurance, social well-being and investment companies as well as unidentified companies.

The balance sheet is presented into accounts with liabilities composed of constant capital and debts, because there is a distinction between long and short-term debts.

Bulgarian companies have to publish annually a balance sheet, a profit and loss account and an appendix. The profit and loss account gives priority to the repository of the global production and leaves the choice of the costs classification either by nature or by function.

Apart from the globally applied regulations, there are many country-specific requirements in Bulgaria as to company registration, VAT legislation, taxation treaties, etc.

Novasigma’s main service area, Accounting & Bookkeeping, is one of the most important functions of successful business. It is the measurement of financial resources and account information. Quality accounting brings transparency to the business and gives management a clear overview of the financial situation in a company. Moreover, companies of all sizes need to record and report business transactions, keep track of invoices and prevent the creation of problems with tax and other local authorities.

Our Accounting and Bookkeeping package of services is absolutely complete and consists of:

– Bookkeeping
– Monthly VAT reports
– Monthly social insurance and medical insurance payroll;
– Preparation of the labor contracts
– Real time financial accounting
– Bank assistance
– Budgeting
– Tax planning and consultations
– Preparation of the annual financial report, the tax declaration and the statistic report
– Publication of the financial report in the corporate register of Bulgaria – annually
– Cloud service for accounting and bookkeeping documents

Fees:

Accounting and Bookkeeping service package:

  • The minimal price of the package above is 600€ per year + 59€/h ex VAT.

Value Added Tax (VAT)

  • VAT registration | +250€
  • EORI registration | +250€
  • Advice on VAT scheme options | Ask for quotation
  • VAT returns and declarations | 59€/h

Audit

  • Annual accounts in view of an annual audit and attend accounting audits | Ask for quotation

Please fill the form for Quotation:

Novasigma provides international accounting services, company formation services, legal, business and tax advisory services | Terms of Use & Terms of Business | © 2019 NOVASIGMA Global - Accounting & Law Cooperative ("NOVASIGMA LIMITED"). Member firms of the NOVASIGMA Global - Accounting & Law network of independent firms are affiliated with NOVASIGMA Global - Accounting & Law. NOVASIGMA Global - Accounting & Law provides no client services. No member firm has any authority to obligate or bind NOVASIGMA Global - Accounting & Law or any other member firm vis-à-vis third parties, nor does NOVASIGMA Global - Accounting & Law have any such authority to obligate or bind any member firm. Independent registered advisers, lawyers and accountants are not owned by, affiliated with or supervised by Novasigma or its affiliates. Novasigma provides custody, trading and operational support services for advisers, lawyers and accountants. Not all products and services available through Novasigma and its affiliates are available through advisers, lawyers or accountants. Registration does not imply a certain level of skill or training. Depending on jurisdiction there might be eligibility requirements to work with a dedicated Financial Consultant, Lawyer or Accountant. Wealth management, accounting, audit and legal services refers to products and services available through the operating subsidiaries of the Novasigma Corporation of which there are important differences including, nut not limited to, the type of advice and assistance provided, fees charged, and the rights and obligations of the parties. It is important to understand the differences when determining which product and/or services to select. Novasigma provides a full range of business, financial, banking and tax advisory, accounting and legal services through its operating subsidiaries.

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