- Bulgaria will join the euro area on 1 January 2026 as the 21st member.
- The change impacts businesses operating in or trading with Bulgaria.
- EU Council confirmed the euro adoption date and updated regulations.
- Official conversion rate from Bulgarian lev to euro will be established.
- Dual price display will start one month after the Council’s decision and last 12 months.
- Dual circulation period will allow both currencies for one month from 1 January 2026.
- Supporting measures include early distribution of euro currency and infrastructure upgrades.
- Price monitoring and supervision will prevent unjustified price increases.
- Tax returns must be filed in the currency official at the end of the tax period.
- Businesses should update finance systems, contracts, and invoicing for euro adoption.
- VAT reclaim tools must support euro reconciliation.
- Bulgaria’s euro adoption marks a significant step in its EU integration.
Source: fintua.com
Note that this post was (partially) written with the help of AI. It is always useful to review the original source material, and where needed to obtain (local) advice from a specialist.
