- ЕИК
- Unified Identification Code (Единен идентификационен код) — a 9-digit number assigned to the company in the Commercial Register. Also serves as the VAT number with the BG prefix.
- БУЛСТАТ
- BULSTAT (Bulgarian Statistical Register) — a register for persons who are not merchants: freelance/liberal professions, associations. The number has 9 or 10 digits.
- КЕП
- Qualified Electronic Signature (Квалифициран електронен подпис) — legally equivalent to a handwritten signature. Issued by providers such as Evrotrust, B-Trust, and InfoNotary.
- СОЛ
- Self-Insured Person (Самоосигуряващо се лице) — an owner who works in their own company, or a person practicing a freelance/liberal profession. Pays their own social security contributions.
- ОЗМ
- General Sickness and Maternity fund (Общо заболяване и майчинство) — a fund a self-insured person may opt into (3.5%) to gain the right to sick pay and maternity benefits.
- ГФО
- Annual Financial Statement (Годишен финансов отчет) — balance sheet, income statement, and notes. Filed with the Commercial Register by 30 September.
- ГДД
- Annual Tax Return (Годишна данъчна декларация) — under Art. 92 of the Corporate Income Tax Act for companies (by 30 June) and Art. 50 of the Personal Income Tax Act for individuals (by 30 April).
- ДЗПО / УПФ
- Supplementary Mandatory Pension Insurance / Universal Pension Fund (Допълнително задължително пенсионно осигуряване / универсален пенсионен фонд) — 5% for those born after 1959.
- VIES
- VAT Information Exchange System, an EU-wide system. A VIES return is filed for supplies to companies in other EU member states.
- OSS
- One Stop Shop — a regime for declaring VAT on sales to individuals in the EU above €10,000 a year.
- Обратно начисляване
- Reverse charge — VAT is charged by the recipient rather than the supplier, for services from EU companies and certain domestic supplies.
- Протокол по чл. 117 ЗДДС
- Protocol under Art. 117 of the VAT Act — a document by which the recipient self-charges VAT on supplies from abroad.
- Набирателна сметка
- Capital deposit account — a temporary bank account for paying in capital before registration. Converts into a current account once the company is registered.
- Заявление А4
- Application form A4 — the form for registering and amending an OOD/EOOD with the Commercial Register.
- Декларация за неактивност
- Declaration of inactivity — filed by 30 June by companies with no activity in the previous year, instead of an annual financial statement.
- Ликвидация
- Liquidation — the procedure for dissolving a company, settling liabilities, and distributing the remainder; takes a minimum of 6 months.
- НПР
- Statutory flat-rate expenses (Нормативно признати разходи) — a fixed percentage (25% for freelance/liberal professions) deducted from income without supporting documents.
- Декларации 1 и 6
- Declarations 1 and 6 — monthly filings with the tax authority (NRA) for insured persons (form 1) and contributions due (form 6).
- СУПТО
- Sales management software (Софтуер за управление на продажбите в търговски обект) connected to a cash register under Ordinance N-18.
- Апостил
- Apostille — a certification legalizing a document for use in another country under the Hague Convention.
Free resources
Glossary
Twenty terms you need to make sense of a letter from the tax authority or a contract with an accountant. Explained briefly, with their practical meaning — the Bulgarian abbreviations are kept as-is since that's what appears on official documents.
Updated · Author: Hristo Ivanov, chief accountant · about the author