We maintain asset register (maintaining individual records per item).

Ensure that items are capitalized in line with local law.

Ensure that depreciation is applied correctly.

Depreciation of Fixed Tangible Assets in Bulgaria

The most common method of depreciation of fixed assets in Bulgaria is the straight line method.

An asset the value of which is less than BGN 700 is not considered a fixed tangible asset.

Type of Asset  &  Depreciation Rate :

 Buildings:   4%

Plant and equipment:   30% 

Infrastructure, roads and transport vehicles:   10%

Hardware and software:   50%

Motor vehicles:   25%

Other fixed assets:   15%

Intangible Assets:   33.3%