Financial and accounting services for local companies and local companies with foreign participation, representative offices, branches and places of business of foreign companies, including:
• day-to-day processing of the accounting documents in compliance with the applicable National and International Accounting Standards;
• preparation of documents for enforcement of international treaties;
• services for companies carrying out supplies to various markets with the complicated taxation in different jurisdictions ensuing therefrom;
• provision of the ‘Chief Accountant’ service for small and medium-sized companies, including groups of companies;
• communication with and representation before the tax administration;
• preparation of periodic financial statements for management purposes;
• year-end closing of accounts and preparation of financial statements and an annual tax return.
Keeping of:
all required documents in connection with the emergence and termination of labour relations;
payroll ledgers and social and health insurance contributions of workers and employees;
all required declarations and covering letters to NRA for the insurance contributions made and to NSSI for processing the sick notes of your staff;
Intrastat declarations.
Competent consultations related to:
• Employment and non-employment relations;
• Tax consultations;
• Legal tax optimisation;
• Consultations in connection with application of double taxation avoidance agreements.
Administrative services:
• Registration of companies;
• Registration of companies under VAT;
• Registration of EORI number;
• Registration of a liberal profession and obtaining a Bulstat number;
• Tax registration of a foreign person and obtaining a foreign person’s number.
FAQ
For the purposes of achieving greater effectiveness of the measures introduced with Regulation (EC) No. 648/2005 of the European Parliament and Council for increasing the levels of protection, it is advisable that the persons be unequivocally identified through a unique common identification number in the territory of the European Economic Community (EEC).
A unique EORI number can be obtained in two ways:
– Registration by submission of a paper-based form;
– Filing an application at the competent customs office.
A trader can file an application for EORI number in the customs office in charge of their area.
A trader may file an application for a one-time, Ad-hoc number in any customs office.
Electronic registration through the e-Portal of the Customs Agency
The registration is made in the National system for registration and identification (ЕORI-BG Register) for customs purposes.
This is a 12-digit code issued by NRA which provides the NRA clients with access to some electronic services without the need for purchasing an electronic signature.
With their annual tax return, citizens can assess by themselves the tax payable by them on the total annual tax base for the income received in the previous year. Through this tax return form, they submit themselves to be charged by NRA. In Bulgaria, the income is charged with a flat rate of 10%. The tax for sole traders is 15%.
Yes. It is possible using one electronic signature to submit more than one financial statement, but to this end you have to register as an accounting firm (IMEX is a registered accounting firm), and not as an individual respondent. The term ‘accounting firm’ includes, in addition to any company registered for provision of accounting services, freelance accountants who keep the so-called accounting of multiple companies (which in Bulgaria is a common practice). It is important in this case that the used electronic signature be valid and of one of the types listed in the Instructions.
VAT is not charged on the export to countries outside the EU. In this case, VAT is paid in the country of the import. You will have to furnish proof that the goods were exported to a country outside the EU.
The Intrastat system is applied for the collection of data of intracommunity despatch and/or arrival of goods carried out between the Republic of Bulgaria and the EU member countries.
Persons subject to report under the Intrastat system – Intrastat operators – are the persons registered under the Value Added Tax Act that carry out intracommunity trade in goods in annual volumes expressed in a value over the reporting thresholds, determined with an order of the chairman of the National Statistical Institute. The order is promulgated in the State Gazette by October 31 of the current year.
Accounting Consultations enquiry