Accountants Bulgaria: Who is Aidos?

Welcome to the website of Aidos – Accountants Bulgaria. We are a company dealing with the administration part of your business. Our services include: bookkeeping & accounting, payroll, VAT and tax preparation and company registrations.

We choose our website to be in a weblog format. In this way we are aiming to create a continuously refreshing and growing knowledge base. Below here you’ll find posts on topics related with doing business in Bulgaria, changes in the law, introductions of our clients and more, what we think may be of interest for you. By following the links in the right hand menu you can find more information about us, our services, or on specific subjects. When you feel something is missing just let us know and we will add it.

When you cannot find here what you are looking for, don’t hesitate to contact us.

Thanks for visiting us here!

The Aidos team

Aidos Accounting Bulgaria


Public Holidays Bulgaria 2016

Holidays Bulgaria 2016

holidays bulgaria 2016Finally the sunny days are over in Bulgaria. A good time to start thinking about and planning your holidays for 2016.

In many cases the days between the public holiday and the weekend are given as days off, and then compensated by a working Saturday later or earlier in the month. This goes for the the whole country on decision by the Government.

Here you will find an overview of the public holidays Bulgaria 2016, the most important name days and the school holidays in Bulgaria. And don’t forget, 2016 is a leap-year we have one more working day in 2016!

The Christmas holidays for this year (2015) are from December 24th till December 27th. The coming New Year’s holidays are from December 31st 2015 till January 3rd 2016. There will be one more working Saturday on December 12th this year.

The public holidays Bulgaria 2016

January 1st – New Year’s day
March 3rd – Bulgaria’s Liberation day (holidays from March 3 – March 6; and a working Saturday on March 12)

“On March 3rd Bulgaria celebrates the regaining of its freedom after being ruled for about 500 years by the Ottoman Empire. On this date, following a major military campaign lead by Russia against the Ottoman Empire in 1877-78, a peace treaty was signed in San Stefano, which led to the formation of modern Bulgaria.”

May 1st, 2nd – Easter

“On this day orthodox Christians mark Easter and the resurrection of Jesus Christ. Bulgarians celebrate it by having traditional Easter cozonac (a kind of sweetened bread) and decorating boiled eggs.”

May 1st – Labour day
May 6st – Saint George’s Day

“It is the official Bulgarian Armed Forces Day. It is celebrated as such all around the country and a traditional military parade is being organized every year in Sofia, the capital.It is also the most celebrated name day in Bulgaria.”

May 24th – The day of Bulgarian enlightenment and culture and the Slavic literacy. (holidays from May 21 – May 24; and a working Saturday on May 14)

“On this day Bulgarians celebrate the work of Saint Cyril and his brother Saint Methodius. They invented the first Slavic alphabet – the Glagolitic alphabet, which later became the Cyrilic alphabet, now used all around the Slavic world.”

September 6th -Unification Day (holidays from September 3 – September 6; and a working Saturday September 10)

“On this day Bulgarians celebrate the unification of Eastern Rumelia with the neighbouring Principality of Bulgaria back in 1885 thus forming modern Bulgaria.”

September 22nd – Independence Day Bulgaria (holidays from September 22 – September 25 and a working Saturday on September 17)
December 24th – Christmas eve

“Christmas eve is when the entire family gathers around the table. In Bulgaria Christmas eve is a bigger event than Christmas itself. Tradition dictates that there should be an odd number of meals on the table and all of them without meat, or any other animal products. This marks the end of 40 days of fasting.”

December 25th, 26th – Christmas
December 31st – New Year’s eve

School holidays 2015/2016

Christmas holidays
December 24,  2015  – January 3, 2016

Winter holidays
January 30, 2016  – February 7, 2016

Spring holidays for 1st – 11th grade
April 2, 2016 – April 10, 2016

Spring holidays for 12th grade
April 2, 2016 – April 4, 2016

When does the school year ends?
1 grade  – 24th of May 2016
2 – 4 grade – 31st of May 2016
5 – 8 grade – 15th of June 2016
8 grade – classes with intensive study on foreign language accepted after 7th grade
30th of June 2016
9 – 11 grade – 30st June 2016
12 grade – 13th of May 2016

Most important name-days in Bulgaria

Bulgaria has a strong tradition in celebrating name-days. It is common that you congratulate a person having a name day and often special celebrations are held. See here the most important ones.

  • January 1st – Vasilovden
  • January 6th – Jordanovden
  • January 7th – Ivanovden – St. John the Baptist
  • January 18th – Atanasovden – St. Athanasius of Alexandria
  • February 28th – Todorov den
  • The sixth Sunday after the Great Fast – Cvetnitsa
  • May 6th – Gergyovden
  • October 14th – Petkovden
  • October 26th – Dimitrovden
  • December 6th – Nikulden
  • December 27th – Stefanovden

A complete list of all the name-days you can find here.


Tax Considerations on selling property in Bulgaria

Selling property in Bulgaria

Selling property in Bulgaria

Basically the tax rate in Bulgaria is 10% for individuals and same for corporations. Unless you are actually working in Bulgaria (legally), you are unlikely to have to pay any tax on a regular basis unless you selling property in Bulgaria at a profit. Here is a quick overview of the tax situation when selling a property.

Much will depend on where you are deemed to be resident. If you are still resident in the UK for tax purposes then any profit could be taxed here in Bulgaria and subject to a withholding tax, but you may still have to pay additional tax in the UK depending on what other income or capitals gains you have that year.

If you are resident in Bulgaria for tax purposes i.e. have a permanent address here in Bulgaria, spend over 183 days here in any 12 month period and if your center of vital interests are here in Bulgaria.

Presuming you are resident in Bulgaria for tax purposes then the Bulgarian Individuals Income Tax Act states that personal incomes from the sale or exchange of real estate (apartment, land, buildings) is free of tax if you sell only:

  1. a) one residential property, if between the date of acquisition and the date of the sale or exchange is more than three years;
  2. b) two properties, as well as agricultural and forest properties regardless of their number, if between the date of acquisition and the date of the sale or exchange is more than 5 years.

Therefore if you are resident in Bulgaria for tax purposes and have owned the property for more than 3 years at the date of sale, then there should be no tax to pay, even if you make a profit.

To calculate if there is any profit on a sale, the (declared) purchase price is deducted from the (declared) sales price. If you have proper invoices for work done on the property you may be able to deduct these expenses as well.


Please contact us when you have any further questions on taxes and selling property in Bulgaria.


(By Rachel Gawith – The Travel Bug)

Lottery with cash-receipts in Bulgaria

Lottery with cash-receipts in Bulgaria


On November 16th the Bulgarian National Revenue Agency (NRA) started a Lottery with cash-receipts. The lottery will go on for one year – up until December 11th 2016. This initiative is to serve as motivation for the people to claim their official cash-receipts following purchases in shops and restaurants and other service-providing establishments. This way the NRA hopes to get more control over the turnover of the Bulgarian companies. The Agency has launched a website dedicated to the lottery game, Lottery with cash-receipts, where you can register every cash-receipt that you have, regardless of the service, the product, or the cost.

A total of 65 prices will be given away in the course of the year. Once per week a smartphone will be given away, once per month a smart television, and the jackpot at the end of the lottery: a car. The weekly winners of the Lottery with cash-receipts are to be announced every Sunday on Bulgarian National Television in the program “The day starts with Georgi Liybenov”. The monthly winners are to be announced on the last Sunday of every month.The first owner of a brand new smartphone will be announced on 20th of December this year. The first monthly winner will be announced on January 10th 2016. The winner of the car, will be announced on December 11th 2016.

In order to participate in the lottery you first need to create a personal account at the website of Lottery with cash-receipts. A single cash-receipt can be added by multiple users, so if you are a family you can make few personal profiles and add the same receipt. This way your chance of winning will get higher. The information you should enter from the cash-receipts is: date, hour, and the amount of the receipt .

To participate in the lottery you must be a Bulgarian citizen, minimum 14 years of age. You may enter as many cash-receipts as you wish. Every other cash-receipt increases your chance of winning. Only cash-receipts issued between November 16th 2015 and December 11th 2016 are valid. The cash receipts must be official, they should have printed on them “Фискален бон”. Be aware of any kind of receipts without “Фискален бон” printed on them or when you are not given a cash-receipt at all. It is actually the duty of the customer to request the proper cash-receipt. Furthermore it is important that you keep the cash-receipts that you enter, until the end of the lottery in order to prove your entry in case you win.

More information and terms you can find on the website of Lottery with cash-receipts.

Good luck with collecting cash-receipts!

(By Sava Saavedra and Radoslav Kostadinov)