Fiscal subject related
It aims to answer how the transition will go and what will happen to Bulgarian money, as explained on BNT by Boyko Blagoev, Head of the European Commission Representation in Bulgaria. Also, he stated that the EC works closely with the Bulgarian institutions and that there would be no drastic pricing jump in Bulgaria. He gave the example of Croatia, where, he said, prices increased in single cases and authorities quickly dealt with inflation. The main channel of the European Commission in Bulgaria is its Facebook page, https://www.facebook.com/ECinBulgaria, where information videos will also appear.
Other news from Bulgaria
SAF-T in Bulgaria?
We can see across Europe different trends in terms of VAT reporting. Different ways, systems, methods, etc. In the case of Bulgaria, there have been rumors that Bulgaria is planning to introduce the standard electronic format for the exchange of accounting and financial data with the local tax authorities (SAF-T). It represents the joint project of a couple of institutions in Bulgaria, all in acco... Read more
New document was uploaded: Overview of the e-invoicing systems in Europe
This document represents an introduction to the types of e-invoicing models in European countries as well as the key conclusions made during this research. Read more
What are the benefits of the introduction of the euro in Bulgaria?
In Bulgaria, work is underway on the introduction of the euro as an official currency. Although the official date is not known currently, nor is the official regulation, aside from the concept of the law, according to available information, the preparations for switching are happening in Bulgaria. But yet, Bulgaria is still far away from the official date, and a lot of work remains, not only insid... Read more
Plan for the Euro introduction in Bulgaria
Although there are currently no official dates or details on the adoption of the euro as Bulgaria's national currency, we may still infer that something is undoubtedly taking place. According to Dimitar Radev, Governor of the Bulgarian National Bank, commercial banks will be technically prepared to accept the euro by the end of the year. There is also a lot of work involved because this will af... Read more
The fiscal control campaign of the NRA begins in Bulgaria, along the Black Sea.
On the website of the National Revenue Agency in Bulgaria (NRA), it was published that the summer control campaign of the NRA along the Black Sea begins. Fiscal inspectors will monitor the correct reporting of turnover and compliance with insurance legislation. Over 10,000 inspections of restaurants, shops, attractions, parking lots, and more are coming up until the end of the season. The main goa... Read more
What did Bulgarian business entities say about the introduction of the euro as an official currency?
The euro as an official currency has been announced. The concept of the Law has been introduced, but there are still no official laws or deadlines. But certainly, the process is ongoing. The state has contacted consulates to gain their opinion about the transition period. Their statement was about the direct adoption of the euro and not its parallel introduction. As a reminder, the above-mention... Read more