The Bulgarian government has introduced significant amendments to the Accounting Act, which came into effect in August 2024.

Bulgaria is on the verge of a major economic change as it plans to adopt the Euro by 2025. There's also discussion about introducing the Euro as a secondary currency in 2024.

In Bulgaria, companies are required to calculate their accounting profit or loss annually, following local financial reporting standards.

The publication of Annual Financial Statements (AFS) in the trade register is often neglected by Bulgarian trading enterprises.

A new Accounting Act adopted on 1 January 2016 brings Bulgarian accounting legislation into line with EU Directive 2013/34, and reduces the administrative burden for companies.

Bulgaria has introduced law amendments (applicable as of 01 February 2020) which are entirely aligned with the obligations of the Bulgarian state...

The general legal framework of existing Bulgarian insolvency law covers the core features recognised by the international insolvency community and takes account of EC Regulations and Directives.

Company Formation in Bulgaria* Bulgarian companies can avail of the lowest corporate tax rate in Europe at just 10%* ...

Seeking to simplify their corporate structure and transform their operations between companies incorporated in different jurisdictions, clients with complex international corporate structures are increasingly taking the opportunity to transform their companies through cross-border mergers.