Select All

PDF IS LOADING

"Please wait while the document is being prepared."

BGN - Bulgarian Lev

Overview

The payment processing of this currency is considered to be highly standardised.

Currency Guidelines
Payments in BGN toward Bulgaria

Besides the standard information, the IBAN format is mandatory (see Appendix VI).

A clear reason / purpose of payment is mandatory and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

For tax payments, it is necessary to add the BULSTAT and payment type code.
The BULSTAT code is the tax identification number (nine digit code) for Bulgarian legal entities.
The payment type code is a six digit code defined by the Ministry of Finance and local regulation.

Example of the BULSTAT and Payment type codes: BULSTAT 175296952 - PAYMENT CODE 110000.

Additional information might be required, please contact your Account Manager for more information.

Payments in BGN outside Bulgaria

Beside standard information, a clear reason / purpose of payment is recommended and consists of a full written description (in English) of the nature of payment to be provided in the remittance information. For example: providing an invoice number without guiding text is considered as insufficient and can result in errors or delays.

Example: Payment of travel expenses – invoice n° 123456789

Besides the standard information, the IBAN format is mandatory (see Appendix VI).

Instructions, technical guidelines & more

To consult the Technical Guidelines of this currency, click here

TECHNICAL GUIDELINES

To consult the Appendix(es) click here

Appendix VI: IBAN Application Rules
Additional information

• Available charge options: OUR/SHA/BEN
  In principle, for payments subject to the Payment Services Directive (PSD) and without currency conversion, only shared charges are allowed.

• For more information concerning tax payments and the payment type codes:
  National Revenue Agency: http://portal.nap.bg/en/page?id=1

• Central bank of Bulgaria: http://www.bnb.bg/?toLang=_EN&toLang=_EN