Bulgaria to adopt Euro: What it means for your business

Bulgaria to adopt Euro: What it means for your business

Bulgaria’s Euro Adoption: Starting January 1, 2026, Bulgaria will officially adopt the euro, becoming the 21st member of the euro area, marking a significant step in its economic integration with the EU and impacting all businesses operating in or trading with the country.
Key Transition Details: The conversion will feature a fixed exchange rate from Bulgarian lev (BGN) to euro (EUR), dual price display requirements for goods and services for a year, and a month of dual circulation where both currencies will be accepted before transitioning to euro-only transactions.
Tax Reporting and Preparation: Businesses must file tax returns in the currency effective at the end of their tax period, with January 2026 returns requiring reporting in euros. To ensure a smooth transition, companies should update systems, review contracts, and align tax reporting processes in advance.

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Bulgaria to Adopt Euro in 2026: Key Changes and Business Preparation Guide

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.

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