Fiscal Representative in Bulgaria

A fiscal representative in Bulgaria is the same thing as a tax representative. This specialist can handle the registration of local and foreign companies for VAT payment in Bulgaria. Also, a fiscal representative in Bulgaria has other responsibilities too and, in the following lines, you can discover the main ones. Our agents for setting up a company in Bulgaria can represent you when you start the process of company formation in Bulgaria and you also need a fiscal representative.

Short Facts
Who needs a fiscal representative?	Non-EU companies registering for VAT in Bulgaria. For EU companies, it is optional.
Who can act as a fiscal agent?	Bulgarian resident person or company with no tax debts, accredited under VAT Act.
Conditions to be a tax agent	– resident in Bulgaria, – solvent, – no unpaid taxes, – jointly liable with client for VAT
Fiscal agency	National Revenue Agency (NRA)
Responsibilities of fiscal representatives	– VAT registration – reporting and filing of VAT returns, – liaison with tax office, – audits, – compliance
Support in submitting documents	Yes, our fiscal representatives prepare and submit forms to the National Revenue Agency (NRA).
Tax ID	VAT number (BGxxxxxxxxx) issued via NRA
Support in tax disputes/controls	Our fiscal representatives represent clients during audits, inspections, and communicate with tax authorities.
Assistance in tax due diligence	Fiscal representatives provide compliance checks and pre-registration reviews for foreign clients.
Periodic/annual tax reporting	Monthly VAT returns required.
Offering tax minimization methods	Our firm provides tax advisory and structuring assistance.
Fiscal year	Calendar year (January–December)
VAT registration threshold	EUR 51,130
Main taxes	– VAT, – corporate tax, – personal tax, – excise, – property
Working with pur fiscal representatives	Our company formation agents offer full VAT compliance service and legal representation.

Registration for VAT in Bulgaria

Companies from non-EU countries that want to have activities in Bulgaria must be registered for the payment of taxes. VAT is the most important tax and, to be able to make the necessary registration, you need a tax representative in Bulgaria. This fiscal representative in Bulgaria can be a natural person or an entity established in this country. Here are some of his/ her responsibilities:

The fiscal representative prepares the necessary documents for VAT registration and requests a tax code;
The documents must be translated into Bulgarian before being presented to the authorities;
A fiscal representative or agent in Bulgaria can register a company for VAT payment only with a power of attorney;
The fiscal representative will also take care of the VAT payment, according to local procedures, and will ensure that the companies in question comply with all protocols;
Also, a tax representative in Bulgaria submits periodic financial statements.

We advise you to use our services if you want to set up a company in Bulgaria and appoint a tax representative. We can provide the necessary assistance in such cases and we can represent you before the local authorities.

Can a fiscal agent represent my company before the financial authorities?

In addition to the responsibilities specified above, the fiscal representative in Bulgaria can also deal with other things. He or she can be present in the case of tax inspections. As he/ she knows the situation of the respective company, he/ she can provide concrete and complete financial data and collaborate with the Bulgarian financial administration in charge. We are here if you want to open a company in Bulgaria and appoint a fiscal representative.

Do European companies need fiscal representatives in Bulgaria?

There is no obligation to appoint tax representatives in Bulgaria for companies from European countries. Practically, this representative is rather compulsory for companies from non-EU countries. In this case, we recommend you, if you want to open a startup in Bulgaria and you come from a non-EU country, to consider the services offered by our tax representative.

Activities for which a fiscal representative is needed in Bulgaria

If your company deals with the import and export of goods from non-EU countries to Bulgaria, you must first appoint a fiscal representative. The company cannot operate on the market until it is registered for VAT payment. The same is valid for companies that deal with the purchase of goods from non-EU countries and supplied in Bulgaria. This tax representative can take care of the required formalities and also collaborate with the tax authorities in question.

Activities beyond VAT registration for fiscal representatives in Bulgaria

The occupation of a fiscal representative in Bulgaria is not limited to the submission of the initial VAT registration papers for the foreign business. Once this is done, the fiscal representative is essentially the key contact person between the foreign company and the National Revenue Agency of Bulgaria. Typical on-going responsibilities beyond VAT registration in Bulgaria include:

preparing and filing VAT returns on a monthly or quarterly basis;
determination of VAT payable and making timely payments;
maintaining VAT accounts according to Bulgarian accounting standards;
communicating with tax authorities on queries, clarifications, or audits,
help with corrections, amendments, or deregistration, if required.

In most instances, the fiscal representative collaborates with accountants in Bulgaria to ensure that all financial and tax statements are accurate. This collaboration is very beneficial, especially for foreigners who may not be familiar with tax laws in Bulgaria. It is an activity that can be conducted in combination with operations for Bulgarian company incorporation.

VAT rates in Bulgaria

The standard VAT rate in Bulgaria is 20%, and it applies to most goods and services available on the market. Lower VAT rates apply as follows:

9% VAT rate for hotel accommodation services in Bulgaria, books and periodicals, baby food and baby hygiene products;
0% VAT for exports of goods to non-EU countries, intra-EU supplies of goods, etc;

Advantages of using our fiscal representatives in Bulgaria

Partnering with our local professionals has a number of advantages for foreign firms seeking to expand their operations in Bulgaria. By utilizing the services offered by one of our fiscal representatives in Bulgaria and our accountants in Bulgaria, a complete and constant process can be achieved. Some of the most important advantages include:

clarity on Bulgarian VAT regulations and submission deadlines;
lower risk of errors, fines, or late payments;
effective management of communication with the tax authority;
help with both the operational and financial side of the company.

Such an integrated service is highly beneficial for an entrepreneur who wants to set up a company in Bulgaria or launch a startup in Bulgaria, since it would enable him to concentrate on business development, while leaving the taxes and accounting aspects to Bulgarian accountants and experts. Through our services, we offer packages that encompass Bulgarian company incorporation and accounting services that would make the whole process easier and faster for international investors.

Data on the financial situation of Bulgaria

A more recent set of data released from the Bulgarian Ministry of Finance has offered an insight into the financial situation of Bulgaria, focusing on essential elements of its revenues for business entities operating in Bulgaria. We present you some important financial indicators:

Direct tax revenues topped BGN 12.4 billion, accounting for approximately 97% of the expected annual target;
The consolidated budget had a deficit of around BGN 6.6 billion, corresponding to about 3% of the approximate GDP;
Guaranteed public debt amounted to slightly above BGN 1.18 billion, which marked a reasonably moderate position concerning fiscal risk.

A fiscal representative can collaborate with our accountants in Bulgaria, so do not hesitate to discuss all aspects with us. You can contact us online or by phone whenever you want to find out about our services, including company incorporation in Bulgaria.