In April 2025, the Bulgarian parliament adopted significant amendments to the Accountancy Act, introducing new requirements for financial reporting and audit obligations for companies operating in Bulgaria.
Key Changes
- New thresholds for mandatory audit requirements
- Updated criteria for categorization of enterprises
- Enhanced disclosure requirements for related-party transactions
- Alignment with EU Accounting Directive amendments
These changes affect all companies registered under the Bulgarian Commercial Act and take effect from the beginning of the next financial year. Companies should review their current reporting practices and ensure compliance with the new requirements.
For more information on how these amendments may affect your business, please contact our team.