Accounting for small companies in Bulgaria

Monthly bookkeeping

We post purchases, sales, cash and bank. You send the documents in whatever way suits you - a photo from your phone, a PDF by email or on paper.

Ledgers and returns

Purchase and sales ledgers, the VAT return, the VIES declaration and reverse charge. We track the deadlines and tell you how much VAT is due before the deadline.

Salaries and social security

Payroll, payslips, employment contracts and entries in the employment register, leave, Declarations 1 and 6. Including social security for self-employed persons.

Year-end closing and financial statements

Year-end closing, the annual corporate tax return and the annual financial statements according to the category of the company, published in the Commercial Register.

You see the work in the platform

You get access to your company and see what has been posted and which declarations have been filed, with dates and amounts. It is the same screen we work in. The platform can be used in English.

Your data can be downloaded in full at any time

Documents, accounting entries and reports download in a readable form, including if you decide to change accountants.

We take over the books mid-year too

There is no need to wait for 1 January. We take the trial balance and the documents from your current accountant, enter the opening balances and continue from there.

Google, Meta and invoices to clients abroad

A Bulgarian company that pays for advertising with Google Ireland or Meta must register for VAT under Art. 97a of the VAT Act, with an application filed no later than 7 days before the first payment or invoice. Under that registration the recipient charges and pays the VAT but cannot deduct it (Art. 70(4)). That is why, with regular advertising costs, the voluntary registration under Art. 100(1) is usually the better choice: the same VAT is charged but also deducted, and input VAT on other expenses can be deducted as well. When a company is being set up, the voluntary registration can be requested directly in the Commercial Register (Art. 100(5)), together with the application for registration.

Supplies to clients outside Bulgaria carry no Bulgarian VAT but keep the right to deduct input VAT (Art. 69(2)). A voluntary registration must be kept at least until the end of the year following the year of registration (Art. 108(2)), and monthly returns are filed throughout, even without activity. Assessing which option is better is part of our work - we do it before the registration, not after it. More detail in our article (in Bulgarian): when services from abroad require VAT registration.

From €25 a month

Dormant company (no activity) - €25 a month, including the year-end closing and the declaration of no activity, when due. Micro - €99 a month for a micro company not registered for VAT. Both are paid by card right after you sign up in the platform.

For an active VAT-registered company with employees - from €199, and for a high volume or several lines of business - from €399. The final price depends on the volume of documents; you pay by card once we have reviewed the company and agreed. Payroll and social security are included in the price - up to 3 employees on “Micro”, up to 8 on “Standard” and up to 15 on “Extended”; above that €8 per employee per month.

If you only need us to enter the documents of a past period, we quote a price for the one-off entry after reviewing them, and you pay it by card. To file returns with the NRA and the NSSI on behalf of the company we need a power of attorney, sent to us as an original by courier. Prices are final - Fincontrol EOOD is not registered for VAT, so no VAT is added.