Bulgaria Adopts the Euro (2026): What It Means for Your Company
Екип ФирмаБългария · reviewed by a certified expert accountant · Updated: 2026-05-31
On 1 January 2026, Bulgaria became the 21st member of the eurozone. Here is what changed for businesses.
The fixed conversion rate
The official fixed rate is €1 = 1.95583 BGN. All amounts — salaries, prices, contracts, taxes — are converted at this rate.
Exchange and dual display
- Lev banknotes and coins can be exchanged for euro free of charge at banks until 30 June 2026, and indefinitely at the Bulgarian National Bank.
- During the transition, many prices are shown in both lev and euro.
What changes for accounting
- Reporting is now in euro; opening balances are converted at the fixed rate.
- Tax thresholds are expressed in euro — for example the new VAT registration threshold of €51,130.
- Social-security income bands are in euro too.
What does NOT change
- Tax rates stay the same: 10% corporate tax, 10% personal income tax, 20%/9% VAT. (Dividend tax 5% — watch the 2026 budget.)
- Company forms (EOOD, OOD) and the registration process.
Why this matters for non-residents
For non-resident owners, eurozone membership removes currency risk entirely — your Bulgarian company now reports, invoices and pays taxes in euro. Combined with the 10% flat tax, Bulgaria becomes an even more attractive EU base.
See the Bulgaria corporate tax guide and how to open a company as a non-resident.
Practical checklist for companies
- Make sure your accounting software is updated for the euro.
- Review contracts with clients and suppliers — amounts convert at the fixed rate.
- Check that invoicing and POS systems work correctly in euro.
Questions about the transition for your company? We handle accounting in Bulgaria — remotely, in English.
Don't want to deal with the paperwork? Get a free quote and we'll handle it.