EmGroup Accounting



Preparation of annual financial statements / consolidated accounts

The publication of the annual financial statements is an important event for every business, as with them comes the moment of balance. The annual financial statement is especially key for the joint-stock companies and not only because the investors weigh the meaning of the investment in the respective venture. However, the road to the end result is long and requires many resources. We have the knowledge and experience to properly reflect the state of the business and show you its strengths and weaknesses.

It is the obligation of each company to officially publish in the Commercial Register its annual financial report by September 30 each year. Our team will provide full assistance in the preparation of the necessary documents and their submislsion to the system of the Commercial Register.

In case the company has not carried out activity during the respective year. It has the obligation to declare this circumstance before the Commercial Register. By submitting a declaration without activity and the submission of this declaration is made by June 30.

Latest news

vat registration of foreign companies
VAT registration and OSS mode
VAT registration of foreign companies in bulgaria and OSS mode Changes after 01.07.2021 After 01.07.2021, the European Union made a serious reform of the VAT rules. The changes will affect all those who sell goods and services in the European Union to non-taxable persons. All individuals, as well as companies that are not registered for […] See more
tax legislation
What are the changes in the Tax Legislation as of 18.02.2022 Published in the State Gazette
Tax legislation – VAT For special types of baby food, a reduced VAT rate of 9 % shall apply. The reduction shall also apply to foods with specialized milk formulae and dietary foods which are for special medical purposes for infants under CN codes 2106 90 92 and 2106 90 98 under tax legislation. N.B. […] See more
KPMG tax
Summary of the published tax changes in CITA in force from March 2022
Tax treatment of leaseback sales contracts classified as operating in cases where the international accounting standards (IAS) Changes relating to the transposition into national law of rules against European Union tax avoidance practices Tax rate of tax on expenditure Changes related to the tax treatment of food vouchers In this edition of Tax News we […] See more