The Council of Ministers has submitted to the National Assembly a bill amending and supplementing the Statistics Act, which was adopted and promulgated in State Gazette No. 67 of 15 August 2025. According to the explanatory memorandum, the proposed amendments aim to reduce the administrative burden for submitting Annual Activity Reports and Annual Financial Statements by obligated entities. The drafters of the bill state that the changes will eliminate unnecessary administrative burdens on businesses, particularly on micro, small and medium-sized enterprises, and will put an end to the practice of submitting the same information to different institutions several times.
It is also noteworthy that the adopted changes will enable faster and more efficient electronic exchange of information between the National Statistical Institute, the National Revenue Agency, and the Registry Agency.
To this end, a “Single Entry Point” information system is to be established for the submission of annual activity reports containing statistical data, accounting documents, and annual financial statements. The current legal framework does not allow for the creation of such a system, which results in companies having to repeatedly submit the same documents to different administrations, including minutes of general meetings and resolutions adopting financial statements.
In order for the new system to be implemented effectively, amendments were also made to other legislative acts. The Commercial Register Act now provides that, when an annual financial statement is submitted through the system, the necessary declarations will be automatically signed, namely: the declaration under Article 13, paragraph 4 regarding the truthfulness of the declared circumstances or the acceptance of the acts submitted for publication, and the declaration under Article 62a, paragraph 2, item 2 of the Regulation on the keeping, storage and access to the Commercial Register and the Register of Non-Profit Legal Entities, declaring that the competent body has adopted the act subject to publication. Thus, publication in the Commercial Register will be carried out ex officio.
An exception, however, is provided for joint-stock companies and for companies whose annual financial statements are subject to mandatory independent financial audit under the Accounting Act, which will not be published automatically in the traders’ files.
For businesses, this means considerable facilitation:
- Fewer documents – no repeated submission of the same reports.
- Lower costs – fewer fees and less administrative time.
- Fewer errors – automation will reduce the risk of discrepancies between documents submitted to different institutions.
The system is expected to enter fully into force on 1 January 2026, which allows time for technical preparation, staff training, and business adaptation.
Although the changes are primarily aimed at businesses, there will also be benefits for the general public:
- Greater transparency and quicker access to public data on the financial status of enterprises.
- Increased trust in official statistics.
- More efficient administration, able to focus resources on other areas.
The amendments to the Statistics Act mark an important step toward modernizing state administration and reducing the bureaucratic burden on businesses. The “Single Entry Point” may seem like a small change on paper, but in practice it will ease the operations of thousands of enterprises, save time and resources, and bring Bulgaria closer to European standards of e-governance.
