Accounting
services»
We take care
for filing correct VAT report to the authorities and send information every
month if something must be changed or it is not correct. The client can always
contact us if any questions regarding the accountancy of his company arise
during the month for consultation.
We take care
for the full accountancy of the company which includes not only filing the VAT
reports, but also: preparation of employee documents and servicing them on a
monthly basis, filing the documents required to the National Social Institute,
preparation of payslips and payrolls, preparation and filing of annual reports.
Monthly and
annual reports»
One of the
most important thing which the client must know is the terms of filing the
accounting documents. The VAT monthly VAT reports are filed and the tax is due
by the 14th of the following month for the previous one. The VAT tax period is
a calendar month. Another very important document is the Annual Report.
The annual
report of the company contains Tax Declaration and Financial report. It is
filed up to March 31 of the present year for the previous one. The tax (fiscal)
year is the calendar year with no availability to opt for different reporting
and accounting dates.
Social
insurances and salary»
Information
about the social and health contributions on wages/salary/remuneration in
Bulgaria you can find below: The gross salary is the main salary and the net
salary is the clear salary a person receive after the deduction of the
insurances and taxes per month on the behalf of the employer.
The budget
salary includes the gross salary and the social insurances payable by the
employer. The social and health contributions are payable up to BGN 2400 gross
salary. The base for calculation is capped at BGN2,000 (approximately EUR
1,000) monthly.
This mean that
a person who receive salary of BGN 2400 or more i.e. BGN 3000, BGN 4000 etc.
pays social contribution and insurances up to the amount of BGN 2400 and 10% on
the balance above the BGN 2400. The calculation of the taxes payable depends on
the lenght of labour years, date of birth and other important facts.
Online
banking»
Please also
note that usually we have passive access to the bank account of the clients,
which mean that we can only review the movement, follow the statements and make
payments orders, but we cannot make payment on your behalf.
The payments
are made with TAN codes which we do not have, but the managers do. More
information about the online banking you can ask by email.
Contracts»
It is very
important to also know that your company must have a service contract/contract
for the services you provide with all your clients and suppliers. The contracts
can be bilingual but one of the languages must be the Bulgarian one.
The
information herein is based on reliable sources and data. The information
provided is extent to the permitted by applicable Bulgarian Laws and Belgium
Regulations.
If you need
further information please do not hesitate to contact us!
