Accounting Services

Accounting Services

VPD services Limited provides to its clients a broad range of high quality professional services. Our goal is to offer to our clients in an efficient cost effective manner, tailor made solutions supporting management decisions in a timely and reliable manner

Our services in this field are as follows:

• Maintaining accounting and related records in accordance with the International Accounting Standards
• Preparation of interim and annual budgets
• Preparation of Management Accounts – upon request we submit to the client income statement, balance sheet and any other tailor made reports
• Bank reconciliations
• Supervise and report on accounting department’s performance
• Supervise and assist in preparing Financial Statements based on International Financial Reporting Standards (IFRS) or other Accounting Principles
• Issuance of sales invoices – upon clients instructions we issue and distribute commercial / proforma sales invoices and distribute them accordingly

Accounting is an extremely important element in starting a new business. The professional accounting services that we provide can save you a lot of time and money by taking care of your financial documents.

According to the requirements of the Bulgarian legislation, the permanent maintenance of accounting registers and information is obligatory. The experienced accountants of ???????????. can provide you with the full range of accounting services your company may need.

The services that we offer you are:

• Professional accountancy;
• Tax planning;
• Drafting of paychecks;
• Annual and statutory reporting;
• Representation before tax authorities;
• Tax, legal and financial advisory services related to your business;
• VAT services – VAT registration in Bulgaria, VAT planning and administration, Preparation and submission of VAT returns to the relevant tax offices on monthly basis, VAT refunds in Bulgaria.

As prescribed by the Value added Tax Act in Bulgaria VAT registration might be compulsory and optional. Mandatory registration is required when the company reaches taxable turnover 50,000 BGN (25, 000 EUR) or more for a period of no longer than 12 consecutive months. VAT – registered companies need to report accounts every month. VAT registration becomes obligatory when the total value of taxable Intra-Community acquisitions for the current calendar year exceeds 20,000 BGN. Companies might also be VAT – registered optionally – upon request.

The VAT registration (compulsory or optional) is ready within two weeks after the registration of your company.

In addition, we will assist you fully in drafting all the documents required for submission under the current Bulgarian tax legislation such as:

• Preparation of Annual financial reports;
• Preparation of Annual tax returns;
• VAT declarations.

VAT Services

Our specialized VAT consultants will provide VAT services and guidance in the following areas:

• Assist you in registering / deregistering Companies for VAT in Bulgaria. We assist you in completing and submitting all necessary documentation to the relevant authorities for obtaining your VAT number
• Assist you in registering / deregistering companies for VIES and intrastat
• Help you in completing and submitting your VAT returns
• Preparation and submission of VIES returns
• Provide advice on any issues that may arise regarding VAT. This includes interpretation and treatment of transactions as per VAT legal requirement submission dates, VAT penalties, VAT deadlines and other
• To act on clients behalf for any VAT disputes or investigations may arise with local authorities