The new Accountancy Act, effective as of 1 January 2016, triggers a variety of changes in reporting which will impact all enterprises.
The new Accountancy Act, effective as of 1 January 2016, triggers a variety of changes in reporting which will impact all enterprises. The provisions of the Act differ significantly from the previous ones in terms of:
To help you analyse the amendments and adjust your reporting processes accordingly, KPMG has prepared a summary in English (PDF 832KB) and Bulgarian (PDF 892KB) of the new provisions as well as a comparison with the previous Act. You will find details about the preparation of annual financial statements, guidance about the new reports and everything you need to comply with the requirements of the law.
We are at your disposal to discuss any questions you might have in relation to the new rules. Do not hesitate to get in touch with us.
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