Fristen, Satzänderungen und praktische Hinweise für Unternehmen in Bulgarien.https://consultax-varna.com/de-dehttps://consultax-varna.com/de_de/2026/02/23/tax-campaign-2026-key-deadlines-reliefs-and-opportunities-for-taxpayers/https://consultax-varna.com/de_de/2026/02/23/tax-campaign-2026-key-deadlines-reliefs-and-opportunities-for-taxpayers/More than 40,000 citizens have already submitted their annual tax returns since the launch of Tax Campaign 2026. The campaign began online on 10 January and in the offices of the National Revenue Agency of Bulgaria (NRA) on 12 January, and will continue until 30 April. Over half of taxpayers have chosen to use theMon, 23 Feb 2026 12:46:00 GMTuncategorizedhttps://consultax-varna.com/de_de/2025/12/04/claiming-child-tax-relief-in-bulgaria-for-2025/https://consultax-varna.com/de_de/2025/12/04/claiming-child-tax-relief-in-bulgaria-for-2025/Parents in Bulgaria can benefit from tax relief when raising children, but to take full advantage of these benefits, it is essential to understand the key deadlines, eligibility criteria, and application methods. For the 2025 tax year, the National Revenue Agency (NRA) has confirmed that the amounts and conditions remain unchanged, providing clarity for familiesThu, 04 Dec 2025 12:20:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/09/30/introduction-of-the-euro-in-bulgaria/https://consultax-varna.com/de_de/2025/09/30/introduction-of-the-euro-in-bulgaria/On January 1, 2026, Bulgaria will adopt the euro as its official currency. This is an important step for the country’s economy and will have a significant impact on both businesses and individual citizens. The fixed exchange rate is set at 1.95583 leva per 1 euro, and during the initial months, there will be aTue, 30 Sep 2025 10:58:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/09/18/corrective-tax-declarations-bulgaria-deadline/https://consultax-varna.com/de_de/2025/09/18/corrective-tax-declarations-bulgaria-deadline/In some cases, these incomes were either not declared or incorrectly reported in tax returns. Further guidance on completing and submitting corrective declarations is available on:Thu, 18 Sep 2025 10:45:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/09/09/bulgarian-tax-agency-reminds-citizens-to-declare-2024-income/https://consultax-varna.com/de_de/2025/09/09/bulgarian-tax-agency-reminds-citizens-to-declare-2024-income/The National Revenue Agency (NRA) has launched an information campaign to remind individuals to declare their 2024 income. Letters, emails, and phone calls will be sent to more than 27,000 people who may have received income during the year but failed to report it. Citizens who receive a notification must declare their income within twoTue, 09 Sep 2025 14:01:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/04/14/saf-t-in-bulgaria-how-the-new-requirements-will-change-companies-accountability/https://consultax-varna.com/de_de/2025/04/14/saf-t-in-bulgaria-how-the-new-requirements-will-change-companies-accountability/From the beginning of 2026, Bulgaria will begin the phased introduction of the international standard SAF-T (Standard Audit File for Tax) – an electronic format for submitting tax and accounting data to the National Revenue Agency (NRA). The new approach to reporting aims to improve the transparency and efficiency of tax control, but has raisedMon, 14 Apr 2025 12:20:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/04/05/what-foreign-nationals-need-to-know-when-working-or-starting-a-business-in-bulgaria/https://consultax-varna.com/de_de/2025/04/05/what-foreign-nationals-need-to-know-when-working-or-starting-a-business-in-bulgaria/In recent years, Bulgaria has become an increasingly attractive destination for foreign nationals looking to work or start a business in the country. This is no surprise, considering Bulgaria’s strategic location, low taxes, and favorable business environment. However, the process of setting up a business or starting work in Bulgaria may be accompanied by bureaucraticSat, 05 Apr 2025 13:57:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/04/01/vat-registration-threshold-bulgaria-2025/https://consultax-varna.com/de_de/2025/04/01/vat-registration-threshold-bulgaria-2025/The Bulgarian government reduced the mandatory VAT registration threshold from BGN 166,000 to BGN 100,000 as of April 1, 2025, following amendments published in State Gazette No. 26 on March 27, 2025. This change affects all taxable persons established in Bulgaria. Starting April 1, 2025, taxable persons who reach a turnover of BGN 100,000 orTue, 01 Apr 2025 13:13:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/03/25/electronic-accounting/https://consultax-varna.com/de_de/2025/03/25/electronic-accounting/In today’s digital world, businesses increasingly rely on technology to optimize their processes. Electronic accounting is no exception and is becoming the preferred method for managing company finances. In this article, we will explore the key benefits of electronic accounting and why more companies are implementing it. 1. Accessibility and Convenience Electronic accounting allows businessTue, 25 Mar 2025 11:11:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/03/20/tax-reliefs-and-incentives/https://consultax-varna.com/de_de/2025/03/20/tax-reliefs-and-incentives/Whether you’re an individual or a business owner in Bulgaria, there are several tax benefits you can take advantage of. Here’s an overview of the most important reliefs and incentives. Tax Relief for Individuals and Families Business Tax Incentives Taking advantage of tax incentives is a smart move—both for individuals and growing businesses. Consult withThu, 20 Mar 2025 12:13:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/03/14/social-security-contribution-income/https://consultax-varna.com/de_de/2025/03/14/social-security-contribution-income/As of April 1, 2025, Bulgaria will implement new social security income thresholds, directly affecting both employers and self-employed individuals. These changes include updates to the minimum and maximum insurable income, which serve as the base for calculating social insurance contributions. According to an official announcement, the minimum insurance income will increase to BGN 1,077,Fri, 14 Mar 2025 11:05:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/03/10/new-vat-reporting-requirements-small-businesses/https://consultax-varna.com/de_de/2025/03/10/new-vat-reporting-requirements-small-businesses/In 2025, small businesses in Bulgaria will face new VAT reporting requirements aimed at simplifying the tax process and increasing transparency in tax filings. The new rules will affect how businesses report VAT on their goods and services. What’s changing? What Small Businesses Need to Do: By preparing in advance, small businesses can avoid penaltiesMon, 10 Mar 2025 11:48:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/03/06/annual-tax-declarations/https://consultax-varna.com/de_de/2025/03/06/annual-tax-declarations/As the calendar year draws to a close, it’s time for businesses and self-employed individuals in Bulgaria to prepare for the annual tax declaration deadline. The deadline for filing is March 31, 2025. This filing deadline is crucial for all entities, including: Failure to submit tax declarations on time can result in penalties and interestThu, 06 Mar 2025 11:37:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/03/03/how-to-calculate-net-salary-in-bulgaria/https://consultax-varna.com/de_de/2025/03/03/how-to-calculate-net-salary-in-bulgaria/Understanding how net salary is calculated in Bulgaria is essential for both employees and employers. Net salary is the amount an employee receives after taxes and social security contributions are deducted from the gross salary. Key Components of Salary Calculation Step-by-Step Calculation Important Notes Understanding net salary calculations helps employees plan their finances and ensuresMon, 03 Mar 2025 10:30:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/03/01/changing-company-manager-steps/https://consultax-varna.com/de_de/2025/03/01/changing-company-manager-steps/Changing the company’s manager is a significant decision that may be required for various reasons and can have long-term consequences for the management and direction of the business. The process of changing the manager involves several legal and administrative steps that must be followed to ensure the legality of the change. In this context, itSat, 01 Mar 2025 11:17:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/21/how-to-avoid-accounting-mistakes-in-small-business/https://consultax-varna.com/de_de/2025/02/21/how-to-avoid-accounting-mistakes-in-small-business/Effective financial management is essential for the success of any small business. However, many entrepreneurs make accounting mistakes that can lead to financial losses, tax penalties, or compliance issues. Understanding and avoiding these errors can help protect your business and ensure smooth operations. Poor Record-Keeping and Lack of Documentation One of the most frequent accountingFri, 21 Feb 2025 10:56:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/19/income-reporting-deadline-for-2024-submit-by-february-28-2025/https://consultax-varna.com/de_de/2025/02/19/income-reporting-deadline-for-2024-submit-by-february-28-2025/By February 28, 2025, businesses and self-employed individuals who have paid income to individuals during 2024, including income from employment relationships, must submit an electronic report to the National Revenue Agency (NRA). This includes reporting all income paid and taxes withheld. What Needs to Be Reported? The report under Article 73, Paragraph 6 of theWed, 19 Feb 2025 12:37:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/02/16/tax-deductible-expenses-for-businesses/https://consultax-varna.com/de_de/2025/02/16/tax-deductible-expenses-for-businesses/Including the right expenses in your tax declaration is crucial for minimizing your company’s tax liabilities. By properly accounting for allowable expenses, businesses can optimize their tax burden and improve the efficiency of their financial management. In this article, we will explore what expenses can be included in the tax declaration and which expenses areSun, 16 Feb 2025 10:58:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/15/company-registration-bulgaria-documents/https://consultax-varna.com/de_de/2025/02/15/company-registration-bulgaria-documents/Starting a business in Bulgaria requires proper documentation and following a structured registration process. Understanding the necessary paperwork and legal requirements can help streamline the registration of your company and avoid unnecessary delays. Below, we outline the essential documents, registration steps, and key requirements for different types of business entities. Essential Documents for Company RegistrationSat, 15 Feb 2025 10:03:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/13/benefits-of-using-accounting-services-for-small-and-medium-enterprises/https://consultax-varna.com/de_de/2025/02/13/benefits-of-using-accounting-services-for-small-and-medium-enterprises/Small and medium-sized enterprises (SMEs) often face the challenge of managing limited resources, which include both finances and human resources. While hiring professional accountants may seem like an additional expense, it actually offers numerous benefits. These benefits can significantly improve business efficiency, stability, and growth. Let’s explore some of the key advantages of using accountingThu, 13 Feb 2025 12:31:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/13/latest-tax-legislation-changes/https://consultax-varna.com/de_de/2025/02/13/latest-tax-legislation-changes/What are the latest changes to the Tax Code? What’s new in the tax laws for 2025? How to prepare for tax audits after the new changes? Latest Changes to the Tax Code In recent years, the Bulgarian Tax Code has undergone several significant changes. These changes reflect both European requirements and internal needs forThu, 13 Feb 2025 11:25:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/12/when-and-why-should-you-register-your-company-for-vat/https://consultax-varna.com/de_de/2025/02/12/when-and-why-should-you-register-your-company-for-vat/Value Added Tax (VAT) is one of the most common indirect taxes applied in Bulgaria, as well as in many other countries worldwide. It is a tax levied on goods and services as they are sold or delivered. The core concept of VAT is to tax each added value during the production or distribution process.Wed, 12 Feb 2025 12:32:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/11/quide-to-registering-a-bulgarian-eood-company/https://consultax-varna.com/de_de/2025/02/11/quide-to-registering-a-bulgarian-eood-company/Starting a business in Bulgaria can be a rewarding endeavor. This is especially true with the advantages associated with the EOOD (Single-Person Limited Liability Company) structure. We will guide you through the basic steps required to register an EOOD company in Bulgaria. The focus will be on its unique features, legal framework, and incorporation process.Tue, 11 Feb 2025 12:22:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/07/tax-obligations-for-companies-in-bulgaria/https://consultax-varna.com/de_de/2025/02/07/tax-obligations-for-companies-in-bulgaria/In Bulgaria, companies have various tax obligations that they must fulfill to remain compliant with the law. These tax obligations include not only corporate tax but also several other taxes related to the company’s operations and its employees. Proper management of these obligations is essential. It helps you understand the different types of taxes andFri, 07 Feb 2025 12:13:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/05/self-employed-contribution-rates-adjusted/https://consultax-varna.com/de_de/2025/02/05/self-employed-contribution-rates-adjusted/As of February 2025, the contribution rates for self-employed individuals will undergo important adjustments in line with changes to the national social security system. This update aims to ensure fairer contributions and better coverage for those working independently. Self-employed individuals will need to carefully review their contributions to stay compliant with new regulations and avoidWed, 05 Feb 2025 11:14:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/02/05/why-annual-accounting-is-crucial-for-your-business-growth/https://consultax-varna.com/de_de/2025/02/05/why-annual-accounting-is-crucial-for-your-business-growth/The annual accounting closure is a critical process for every company, ensuring compliance with financial regulations and providing a clear picture of the company’s financial health. It involves finalizing accounting records, preparing financial statements, and submitting required reports to tax authorities. Properly completing this process helps businesses avoid penalties, optimize tax obligations, and make informedWed, 05 Feb 2025 10:16:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/04/how-to-register-a-bulgarian-variable-capital-company-vcc/https://consultax-varna.com/de_de/2025/02/04/how-to-register-a-bulgarian-variable-capital-company-vcc/A Variable Capital Company (VCC) is a new type of commercial entity introduced in Bulgaria in 2024. This type of company is designed to provide greater flexibility for small and medium-sized enterprises by simplifying management and shareholder participation. The main differences between a VCC and other legal forms such as LLC (OOD) and JSC (AD)Tue, 04 Feb 2025 10:44:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/03/how-to-prepare-your-company-for-the-annual-accounting-closing/https://consultax-varna.com/de_de/2025/02/03/how-to-prepare-your-company-for-the-annual-accounting-closing/Year-end accounting closure is one of the most important steps in managing your company’s financial health. It is the process through which accounting records for the current year are closed, and reports required for tax purposes and financial analysis are prepared. To go through this process without stress and with minimal issues, it’s essential toMon, 03 Feb 2025 11:15:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/02/02/effective-salary-management-strategy-for-small-business/https://consultax-varna.com/de_de/2025/02/02/effective-salary-management-strategy-for-small-business/Salary management is one of the primary concerns for any small business. Although it may seem like just one part of the overall business strategy, proper management of compensation is crucial for the success of the company. In this article, we’ll explore how to build an effective salary management strategy, considering both optimizing costs andSun, 02 Feb 2025 11:28:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/01/31/company-deregistration-in-bulgaria-steps-and-requirements/https://consultax-varna.com/de_de/2025/01/31/company-deregistration-in-bulgaria-steps-and-requirements/Deregistration of a Company – When and How Does It Happen? Deregistering a company in Bulgaria is a process that involves several legal and administrative steps. It can be initiated voluntarily by the owners or be required by law under certain circumstances. Understanding when and how to close a business can help avoid legal complicationsFri, 31 Jan 2025 11:04:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/01/29/how-to-change-your-companys-address-in-bulgaria/https://consultax-varna.com/de_de/2025/01/29/how-to-change-your-companys-address-in-bulgaria/Changing the company’s address in the Commercial Register is an important step for any business that relocates its main operations. You must carry out this administrative procedure correctly to ensure compliance with legal requirements. Changing the company’s address in the Commercial Register is necessary for both physical and legal entities that wish to update theirWed, 29 Jan 2025 11:48:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/01/28/tax-audits-and-penalties-how-to-prepare-and-avoid-fines/https://consultax-varna.com/de_de/2025/01/28/tax-audits-and-penalties-how-to-prepare-and-avoid-fines/Tax audits and penalties are an inevitable part of the business environment, whether you’re a small business or a large corporation. If you’re not prepared or fail to meet the requirements of the tax authorities, you may face serious penalties and financial consequences. It is important to understand the procedures and how to prepare forTue, 28 Jan 2025 14:31:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/01/15/accounting-audits-importance/https://consultax-varna.com/de_de/2025/01/15/accounting-audits-importance/An accounting audit is a process of independent verification and evaluation of a company’s financial statements. It is conducted to ensure the accuracy, correctness, and compliance of financial data with legal requirements and accounting standards. Regular audits are not only mandatory for some enterprises but also a useful tool for improving financial transparency and businessWed, 15 Jan 2025 09:43:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/01/14/corporate-income-tax/https://consultax-varna.com/de_de/2025/01/14/corporate-income-tax/As of January 2025, several changes to the Corporate Income Tax Act have come into force. The most notable amendments include: Accountants are encouraged to review their clients’ financial statements and projections to ensure compliance with these new regulations.Tue, 14 Jan 2025 10:52:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/01/14/social-security-thresholds/https://consultax-varna.com/de_de/2025/01/14/social-security-thresholds/As of January 1, 2025, the minimum social security thresholds (MSS) in Bulgaria have been updated in line with the annual adjustments across different sectors and professions. These thresholds are used to calculate social security contributions for both employers and employees. Key highlights: Employers must update employment contracts and payroll systems accordingly to reflect theseTue, 14 Jan 2025 10:42:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/01/07/tax-relief-measures-introduced/https://consultax-varna.com/de_de/2025/01/07/tax-relief-measures-introduced/At the start of 2025, the government introduced a new package of tax relief measures focused primarily on boosting the competitiveness of small and medium-sized businesses. These include: These measures are expected to alleviate the financial pressure many businesses face and encourage growth and innovation. Companies are advised to consult with their accountants to adjustTue, 07 Jan 2025 10:18:00 GMTaccounting-newshttps://consultax-varna.com/de_de/2025/01/04/tax-obligations-for-individuals-in-bulgaria/https://consultax-varna.com/de_de/2025/01/04/tax-obligations-for-individuals-in-bulgaria/Individuals in Bulgaria are subject to different types of taxes, depending on their income sources. The main tax obligations include: Understanding these obligations is essential for compliance with Bulgarian tax laws. Taxation of Rental Income If you rent out a property in Bulgaria, the income is subject to taxation. The main rules are: Proper taxSat, 04 Jan 2025 09:57:00 GMTdid-you-knowhttps://consultax-varna.com/de_de/2025/01/03/tax-declaration-deadline/https://consultax-varna.com/de_de/2025/01/03/tax-declaration-deadline/By the end of January 2025, businesses and self-employed individuals must submit a tax declaration for the fourth quarter of 2024. This applies to those who have paid income to individuals under non-employment relationships, such as rent or other income sources. These sources are defined by Article 35 of the Personal Income Tax Act (PITA).Fri, 03 Jan 2025 12:01:00 GMTaccounting-news