A turnover report for a company in Bulgaria usually refers to a summary of the total revenue (оборот) generated by the company over a specific financial period — most commonly one calendar year. Turnover (оборот) = The total value of goods and services sold by the company during the reporting period, excluding VAT.

A turnover report is a financial document showing:

• The total revenue from business activities;

• Sometimes broken down by months, clients, products/services, or countries.

Common Uses in Bulgaria

1. Accounting & Annual Reports – required for preparing the Annual Financial Statement and Corporate Income Tax Declaration (чл. 92 ЗКПО).

2. VAT Registration – if turnover exceeds 100,000 BGN for the last 12 months, the company must register for VAT under чл. 96 от ЗДДС.

3. Bank or Funding Applications – often requested by banks, grant programs, or investors to verify the company’s revenue activity.

4. Internal Management – used to monitor sales trends and business performance.

How It’s Generated

Usually created by:

• The accountant or accounting software ;

• Based on sales invoices issued during the year.

Download the document >> Doc 1 – 5 TURNOVER REPORT ОВ 2022