With Bulgaria’s entry into the Eurozone, businesses are required to comply with a number of regulatory obligations affecting price tags, cash registers, accounting systems, and software. Below is a summary of what we will do and what we expect from our clients to ensure a smooth and lawful transition.
PRICE LABELING – IN TWO CURRENCIES
Requirements:
According to Article 41 of the Euro Act, dual price labeling is mandatory for a period of 18 months:
- 6 months before the euro is introduced – main currency: BGN, additional: EUR
- 12 months after the euro is introduced – main currency: EUR, additional: BGN
The conversion must use the fixed exchange rate of 1 EUR = 1.95583 BGN, rounded mathematically to two decimal digits.
Important: If discounts are applied, only the final price in euro may be shown on the label.
What we will do:
We will provide functionality for printing labels in both currencies.
CASH REGISTERS AND FISCAL DEVICES (FD)
Requirements:
In accordance with the Euro Act and Ordinance H-18:
- Within 2 months after the euro introduction date is announced, all FDs must print amounts in euros.
Until a new version is provided by the manufacturer, displaying the amount in euro as a note with the exchange rate is allowed.
The mode change (1 - BGN main / EUR additional, 2 - EUR main / BGN additional, 3 - EUR only) must be performed by the manufacturer or an authorized service provider.
What you need to do:
Contact your FD provider or service company in due time to get updated information and a plan for updating your device.
INVOICES AND TAX DOCUMENTS
Requirements:
According to Article 15, paragraph 3, item 5 of the Euro Act, documents under Article 112 of the VAT Act (invoices, debit/credit notes, and protocols under Articles 116 and 117) are not required to display dual currency values.
This means:
- Until 31.12.2025: main currency is BGN
- From 01.01.2026: main currency is EUR
What we will do:
No changes to document templates are required unless explicitly requested by the client.
If you plan changes to printed forms, please submit a request to us in a timely manner.
ACCOUNTING
Requirements:
All account balances as of 01.01.2026 will be automatically converted to euros:
- Conversion will be done using the fixed exchange rate, with rounding to two decimal digits.
- Analytical accounts will also be rounded to two decimal digits; differences will be recorded as income/expense for the current year.
Exceptions:
- Inventory – price is rounded to the original number of decimal digits, but the total amount is rounded to two digits.
- Salaries, pensions, compensations – always rounded up if the third decimal digit is greater than > 0.
- Capital – the conversion difference remains part of the equity.
What we will do:
- We will provide a new version of the accounting module (planned release: December 2025) to automatically convert balances.
- We will implement full logic for the exceptions in accordance with the law.
ERP CHANGES DUE TO EURO INTRODUCTION
As of 01.01.2026, the euro will become the primary currency in the ERP system. All existing documents and accounting data will be automatically converted using the fixed exchange rate (1 EUR = 1.95583 BGN).
To ensure data comparability, the ERP system will function as if the euro has always been the main currency – including for historical reports, audits, and transactions.
What we will do:
- We will ensure conversion of all past transactions to be visible and comparable in euros.
- We will retain a copy of the current database for archival and reference purposes prior to the transition.
SUMMARY OF ACTIONS REQUIRED FROM CLIENTS
- Request from us to enable dual-currency label printing, if needed
- Coordinate with your FD provider/service for timely updates
- If necessary – submit requests for dual-currency reports
- Communicate with external service providers (e.g., online stores, bank integrations, other platforms) to coordinate efforts
CONCLUSION
Our team is closely monitoring the regulatory framework and is already working on implementing all required system updates. We will ensure that our clients transition to the euro securely, transparently, and without disruption.
If you have any questions – feel free to contact us!