Agricultural producers

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Agricultural producers

Accounting for agricultural producers

Agricultural producers are a key part of the real economy – a sector with high reporting complexity, subject to strictly regulated requirements from the National Revenue Agency (NRA), the Agricultural Fund, and other institutions. Whether you are involved in agriculture, livestock farming, or a combined activity, every element – from registration under a special VAT procedure to the correct accounting of subsidies and production – requires a precise approach.

The seasonal nature, periodic payments from support programs, and the specificities in reporting assets such as inventory, machinery, and livestock make accounting services in the agricultural sector particularly specialized.

What distinguishes accounting for agricultural producers?

Choosing the tax regime based on the scale and structure of the farm

– Sole Proprietorship, registered agricultural producer, or legal entity, with the option for taxation under Article 29a of the Personal Income Tax Act (Patent Tax) for small volumes and specific activities.

Accounting for subsidies and assistance

– processing receipts from the Agricultural Fund and other sources, including deferred recognition of revenues and control of target usage.

Accounting for seasonal income and expenses

– including advance expenses for upcoming seasons (fertilizers, pesticides, seeds), as well as ongoing reporting of produced goods.

Depreciation and assets with specific purposes

– correct treatment of machinery, equipment, buildings, livestock, and perennial crops according to applicable standards (IAS 41 or IFRS 41).

Reporting biological assets and production

– applies to farms that grow plants or animals for market realization, with requirements for revaluation and reporting at fair value.

Compliance with regulatory requirements for journals and documentation flow

– including journals for chemicals, livestock registers, traceability of production, and reporting under support programs.

HR services for seasonal employment

– recording labor contracts with limited duration, hourly work, contracts under Articles 114/114a of the Labor Code, providing insurance for workers in the active season, and complying with regulations for minimum wages and social security contributions.

Processing of rental or lease contracts for agricultural land

– including ongoing recognition of expenses and reporting obligations to landowners.

With ATP Konsult, you receive professionalism, experience, and a partner you can rely on throughout all seasons of your business.

Why do agricultural producers choose ATP Konsult for their accounting?

Marina Trifonova

Manager of ET Svetlina

"Since we started working with ATP Konsult in 2017, their accounting team has helped us streamline our agricultural production cost accounting processes. Thanks to them, we have been able to track all subsidies and aids more accurately while reducing administrative errors by over 15%. Their professional support and their ability to make quick and appropriate decisions are another added value for our business. We would not hesitate to recommend ATP Konsult as a most trusted partner."

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