Year-end closing 2026 in Bulgaria: steps and 2027 deadlines

Year-end closing is the last check of the books before the annual financial statements and the annual tax return. For 2026 it has three new features in Bulgaria: it is the first year kept in euro, the reports are filed through a new system of the National Statistical Institute (NSI), and several 2027 deadlines fall on non-working days. This guide is for a small EOOD or OOD that is VAT-registered and has a few employees.

Before 31 December: what to do

Some steps for the year have to happen before it ends:

• 01By 15 November, in 2026 Monday 16 November: change corporate tax advance payments with an Art. 88 declaration if profit will differ from the forecast. Details in [changing corporate tax advance payments](/blog/promyana-avansovi-vnoski/).
• 02By 1 December 2026: the December or third-quarter advance payment, if the company pays advances.
• 03From 30 November to 31 December 2026: employees give their employer the documents for the tax reliefs they want in the annual reconciliation (Art. 49, para. 4 of the Personal Income Tax Act).
• 04A manager's order for the stocktake: which assets and liabilities, at what date, by whom (Art. 16, para. 1, item 7 of the Accountancy Act).
• 05Dividend decisions taken in the fourth quarter create tax due by the end of January 2027; more in [dividend tax in Bulgaria](/blog/dividenti/).

The stocktake

Companies count their assets and liabilities at least once a year so they are presented faithfully in the financial statements (Art. 28, para. 1 of the Accountancy Act, ЗСч). Companies with net sales of up to BGN 200,000 (€102,258.38) for the current period are not required to do one (Art. 28, para. 2).

A stocktake is a physical check of assets and liabilities at a given date and a comparison with the books (§ 1, item 5 of the Act's additional provisions). The Act does not list what is checked or at which date: the manager decides (Art. 16, para. 1, item 7). In practice the usual checks are:

• 01Cash: a count of the cash on hand at 31 December.
• 02Bank accounts: book balances against bank statements.
• 03Receivables and payables: confirmations from customers and suppliers.
• 04Goods and materials: a count and comparison with the quantities in the books.
• 05Fixed assets: presence, condition and use.

Shortages of assets are not deductible for tax, except in force majeure (Art. 28, para. 1 of the Corporate Income Tax Act); for inventories there are also exceptions for technological waste, wastage and expiry within usual limits (Art. 28, para. 3). For a shortage of goods on which input VAT was deducted, VAT is charged equal to the credit used (Art. 79, para. 1 of the VAT Act), with the exceptions in Art. 80, para. 2, such as force majeure or natural wastage within set norms.

Accounting steps before the statements

Before closing the year, the accountant checks the balances and books the events that affect the result. Many have a different tax effect:

How the two kinds of depreciation are handled and when deferred tax is recognised is covered in book vs tax depreciation in Bulgaria. The December 2026 VAT return, due 14 January 2027, also contains the annual adjustment of input tax credit under the Art. 73 coefficient if the company has partial credit.

The first annual financial statements in euro

Since 1 January 2026 accounting documents are prepared in euro (Art. 5, para. 1 of the Accountancy Act) and financial statements in thousands of euro (Art. 23). The Act on the Introduction of the Euro governs the transition:

• 01The prior-period figures for 2025 are restated in thousands of euro at BGN 1.95583 per euro so they compare with 2026 (Art. 48, paras. 7 and 8).
• 02Differences from converting asset and liability balances on 1 January 2026 are current income and expenses for 2026 and are recognised for tax (Art. 48, para. 4).
• 03Tax returns for 2026 are filed in euro (Art. 50, para. 1).
• 04Capital in the Commercial Register was converted automatically (Art. 33). The articles of association are brought into line within 36 months of the euro introduction (Art. 32, paras. 1 and 4, as amended in State Gazette No. 82 of 2026), with no state fee, together with the next application for which the law requires them.

Micro or small enterprise

The enterprise category decides which statements a company prepares. It is set at 31 December by three indicators: the company does not exceed at least two of them (Art. 19 of the Accountancy Act). The thresholds in the consolidated text of the Act are in leva and apply converted to euro. The Act on the Introduction of the Euro (§ 43) also contains euro thresholds, €450,000 and €900,000 for a micro enterprise, but the Ministry of Finance applies the leva ones, and the draft Accountancy Act amendments would settle the question for 2026:

The category changes when a company falls outside the criteria for two consecutive periods, from the start of the third (Art. 20). A micro enterprise may prepare only a condensed balance sheet by sections and a condensed income statement (Art. 29, para. 4); a small enterprise adds the balance sheet groups and notes (Art. 29, para. 6). Micro and small enterprises not subject to audit may omit the management report if they disclose own-share data in the notes or below the balance sheet (Art. 42, para. 1). A small enterprise is subject to audit if it exceeds two of three indicators: assets of BGN 4,000,000 (€2,045,167.52), net sales of BGN 8,000,000 (€4,090,335.05) and 50 staff (Art. 37, para. 1, item 1).

Deadlines in 2027

Deadlines that fall on a non-working day move to the next working day (Art. 22, para. 7 of the Tax and Social Insurance Procedure Code). The dates after the arrow are expected until the tax agency publishes its 2027 calendar:

In 2027 Orthodox Easter is on 2 May. Good Friday is 30 April, 1 May is a Saturday, 3 May is Easter Monday, and 4 May is a day off because 1 May falls on a Saturday (Art. 154, para. 2 of the Labour Code). So the individual annual tax return deadline is expected to be 5 May 2027. The annual financial statements must be adopted by the general meeting or the sole owner before publication (Art. 38, para. 1 of the Accountancy Act).

The NSI Single Entry Point

On 1 September 2026 the NSI announced that for the 2026 reporting campaign it is introducing, with the National Revenue Agency (NRA) and the Registry Agency, the "Single Entry Point" (Единна входна точка) information system. Companies will file annual activity reports and annual financial statements only through it (Art. 7, para. 1, item 16 of the Statistics Act and Art. 15, para. 4 of the Commercial Register Act).

• 01Annual financial statements filed through the system are announced in the Commercial Register automatically, except for joint-stock companies and companies whose statements are subject to mandatory audit (Art. 19, para. 8 of the Commercial Register Act). Those file through the system too, but their announcement is not automatic.
• 02The deadlines do not change: the annual activity report with the annual tax return by 30 June, and the annual financial statements by 30 September.
• 03The manager or owner registers on the NSI single portal (portal.nsi.bg) and authorises the accountant or accounting firm. Login works with a qualified electronic signature, e-Authentication or an NRA personal identification code (ПИК).
• 04The NSI announced no change for the corporate income tax return itself, which under the Corporate Income Tax Act is filed with the NRA (Art. 92, para. 2).

Do the registration and authorisation before spring rather than in the last week of June.

SAF-T for 2026

A typical small company has no SAF-T obligation for 2026. Small enterprises file SAF-T from 1 January 2029, and VAT-registered micro enterprises from 1 January 2030. Only companies with very large revenue or payments to the tax agency start earlier; who starts when is covered in SAF-T Bulgaria requirements.

Penalties

The penalties in the Accountancy Act and the Corporate Income Tax Act are still in leva and apply converted to euro:

What the drafts for 2027 propose

More on the proposals in Bulgaria tax changes 2027.

Common mistakes

• 01Thinking the annual financial statements are published by 30 June. The annual tax return is due by 30 June; the statements are published by 30 September (Art. 38, para. 1 of the Accountancy Act).
• 02Thinking the company's annual tax return is due by 31 March. The deadline is 30 June (Art. 92, para. 2 of the Corporate Income Tax Act).
• 03Preparing the 2026 statements in leva, or leaving the 2025 figures in leva. Both years are shown in thousands of euro.
• 04Using the old micro thresholds of BGN 700,000 and BGN 1,400,000. Since 2024 they are BGN 900,000 and BGN 1,800,000.
• 05Deducting an impairment of receivables in the year it is booked. It is deductible on an event under Art. 37 of the Corporate Income Tax Act.
• 06Filing the annual financial statements separately with the Commercial Register. In 2027 statements are filed through the Single Entry Point, and for EOOD and OOD companies not subject to mandatory audit they are announced automatically.
• 07Leaving the NSI portal registration to the last day. Without it the accountant cannot file the reports for you.

In smetni.app

The Accounting module (Business plan) has a trial balance, a general ledger by account, a management income statement and balance sheet, and the annual financial statement forms for micro, small and medium or large enterprises as PDF, with a prior-year column. The mapping to sections is subject to review by an accountant, as the app itself notes. After the year ends, the "Close 2026" button posts one entry at 31 December that closes the income and expense accounts to account 123. In the Declarations module, the "Annual return" tab adjusts the accounting result for depreciation and calculates corporate tax and advance payments. The app does not file reports with the NSI or the NRA, does not run a stocktake and does not calculate deferred tax. See the guides to accounting, the monthly close and declarations, and plans and pricing.