Comptabilitat a Bulgària

Accounting Rules

Tax Year

The fiscal year begins on January 1st and ends on December 31st of the same year.

Accounting Standards

International accounting standards were established  in Bulgaria at the beginning of 2003.  The standards apply to banks, insurance, social well-being and investment companies as well as unidentified companies.  Bulgarian accounting standards are now in agreement with the standards of the International Accounting Standards Board.

Accounting Regulation Bodies

BULNAO
National Assembly of the Republic of Bulgaria
Ministry of Finance

Accounting Reports

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.
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.

Publication Requirements

Companies have to publish annually a balance sheet, a profit and loss account and an appendix.

Professional Accountancy Bodies

Institute of Certified Public Accountants of Bulgaria , in Bulgarian

Certification and Auditing

The external control of accounts must be confided to a body of certified experts (auditors) chosen by the company. Wolftheiss, PricewaterhouseCoopers, Kambourov & Partners, KPMG, Ernst & Young.

Accounting News