Tax Filing Season Begins in Bulgaria

Taxpayers in Bulgaria kicks off on Tuesday, the first workday of 2017.

Personal income and corporate tax returns have to be submitted within the next several months. This can be done both on paper and online, with the latter method implying deductions.

For natural persons, the deadline is May 02 - the first business day of May, the previous one being Labour Day. Those submitting returns online by March 31 may see a deduction of up to 5% of the tax they have to pay additionally (the share levied under non-labour contracts). The deduction, however, cannot be bigger than  1000 levs.

Legal persons must take the step by the end of March. A 1% discount of corporate taxes can be used by those filing their tax returns online.

 

 

Sofia News Agency