Missing Documents in Bulgarian Accounting

Key Moments

• 00:00 – Introduction: missing documents in Bulgarian accounting
• 00:18 – Why one missing invoice can create a tax problem
• 00:40 – Why Bulgarian accounting is document-based
• 01:05 – Invoices, contracts, bank statements and payment confirmations
• 01:35 – Missing expense invoices and corporate tax problems
• 02:05 – Missing or incorrect VAT invoices
• 02:33 – Risks for foreign-owned companies and online businesses
• 03:00 – Why bank payments alone are not enough
• 03:25 – Missing documents during a tax inspection or audit
• 03:48 – Professional accounting support in Bulgaria

Short Summary

Missing documents in Bulgarian accounting can create serious tax problems for companies, especially for foreign-owned businesses. Many business owners assume that one missing invoice is not a major issue, but Bulgarian accounting is strongly document-based.

This video explains why every business transaction should be supported by proper evidence. This may include invoices, contracts, bank statements, platform reports, payment confirmations, delivery documents or other relevant accounting records. Without this support, the accounting position of the company may become difficult to defend.

Missing expense invoices can create corporate tax problems. If the company paid for goods or services but does not have a valid invoice or supporting document, the expense may not be accepted for tax purposes. As a result, the taxable profit of the company may increase.

Missing or incorrect VAT invoices can also create VAT risks. For VAT-registered companies in Bulgaria, input VAT may be refused if the invoice is missing, incorrect, incomplete or issued to the wrong company details.

This is especially important for foreign-owned companies, online businesses and e-commerce companies using Stripe, PayPal, Wise, Revolut, Amazon, Shopify or other platforms. Bank payments alone are usually not enough for proper tax treatment if the supporting accounting document is missing.

During a tax inspection or audit in Bulgaria, the company must be able to prove its transactions. Missing documents can affect corporate tax, VAT deduction, inventory, cost of goods sold, audit files and the overall reliability of the company’s accounting records.