Accounting in Bulgaria


Bulgaria applies the International Standards of Financial Reporting (IFRS) and the International Standards of Auditing (ISA), approved by the European Union.

The standards apply to banks, insurance, social well-being and investment companies as well as unidentified companies.

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.

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

Apart from the globally applied regulations, there are many country-specific requirements as to company registration, VAT legislation, taxation treaties, etc.

Furthermore, the legislation changes yearly, so it is important to have regular updates about the changes and their impacts to your business. If you would like to be informed regularly subscribe to our Newsletter.

For more detailed information, or a service offer, Contact Our Office.

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ONE hour free consultation: How to enter Bulgarian market

Tax and Business Advisory, Accounting and VAT, Payroll and HR

Our team of tax experts and highly skilled accountants will advise you on optimal personal and corporate issues including PIT, CIT, cross-border social securities, EU VAT etc.. We can offer you a tax effective solution and at the same time be compliant with the local legislation and on-going requirements.

Send your question and we will be glad to answer you.

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Leinonen Bulgaria - 

Addressing Tomorrow's Challenges Today

Business drives change in Bulgaria

The world of today is dominated by trends: economic, technological, political, internet or fashion. In an age of constant change no business can afford to take their eye off the ball. We at Leinonen understand this very well. 

Bulgaria, one of the most stable economies in the region during the present financial downturn, is the new trend: attracting more and more investors with its highly skilled work force, the lowest costs and taxes in Europe and unexploited business potential.

With our international presence in eleven countries and our local experience with Bulgarian administrative, legislative and economic frameworks, we can take care of all the details while you drive the change.

Contact us for more details. 

We are ISO 9001:2015 Certified Partner

We are proud to announce Leinonen Bulgaria accounting, payroll and tax compliance services’ recertification under the latest edition of the international quality management standards ISO 9001:2015. The certificate was issued by Bureau Veritas on 25th of August 2016. Thus Leinonen became one of the first certified under the new standards company in Bulgaria This certificate assures high quality standards of accounting and customer services that we are meeting in our activities. Read more.    

We are member of:

Bulgarian-Nordic Chamber of Commerce

Participation in Bulgarian-Nordic Chamber of Commerce is naturally connected with Finnish origin of the company. Supporting and helping Nordic companies to enter Bulgarian market is key importance for Leinonen Bulgaria.


AHK Bulgarien 

As a member of specialized committee “Taxes” of German-Bulgarian Chamber of Commerce Leinonen Bulgaria provides its experience, advises and accounting services not only to German but to other foreign companies as well.




British Bulgarian Business Association

Since the beginning of 2015 Leinonen Bulgaria became a member of British Bulgarian Business Association. BBBA is the platform of choice to facilitate commercial activities between UK and Bulgaria.  As a member, Leinonen Bulgaria aims to advise potential British companies and individuals on entry into the Bulgarian market.

Latest news

Simplified VAT registration Aug 22

The draft amendments to the Tax and Insurance Procedure Code provides an opportunity for company registration to the Commercial Register and at the same time voluntary VAT registration.