Taxation in Bulgaria
Time's Up: Last Call for Tax Returns in Bulgaria
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns. For those utilizing electronic services, the deadline is midnight, while those opting for paper submissions at revenue agency offices must do so by 5:30 pm.
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Homebuyers in Cyprus land another win
The Cypriot Parliament has passed a law enabling beneficiaries to apply for a 5% reduced VAT rate within a year of acquiring a residence.
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Tax Authorities have Collected BGN 4 million from Properties Rented through Airbnb
Over BGN 4 million in income has been declared by owners who provide real estate to accommodate tourists through the Airbnb platform, the National Revenue Agency announced. Income taxation of this activity was introduced in February 2020 - about a month before a state of emergency was declared in Bulgaria due to the pandemic, which effectively put tourism on hold.
National Revenue Agency: Tax Campaign in Bulgaria Launched
Today, 11 January the tax campaign for physical persons' incomes received in 2020 has been launched, reminds the National Revenue Agency.
The declaration and payment of income taxes received last year can be made electronically - via personal identification code or electronic signature, or on paper - either by post or physically in an office of the revenue agency.
NRA Campaign For Tax Returns Submission Starts on January 10
Individuals can submit their annual income tax return for 2018 from January 10, the National Revenue Agency reported on 3rd of January, reported BNT.
The tax returns can be submitted via the electronic service and in paper at the NRA offices.
Submission of corporate tax returns for 2018 through the NRA electronic service will also start on January 10th.
Tax Inspector has been Caught with a 15,000 leva Bribe in Sofia
An employee of the National Revenue Agency (NRA) has been detained for a bribe demand of BGN 45,000. This was announced by the Sofia City Prosecutor's Office Emilia Rusinova at a special briefing on the case, reports Mediapool.
Report reveals list of brazen tax dodging
A report by Greece's Independent Authority for Public Revenue into cases of tax evasion inspected by its YEDDE service in 2017 has shed light on dozens of cases where taxpayers brazenly failed to declare millions of euros in assets.
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Local Taxes and Fees can now be Received by Email
Real estate owners, who do not want information about their tax obligations to pass through postal or other distribution companies, can receive it directly by electronic means, remind the Municipal Incomes Directorate of Sofia Municipality.
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The Business will Save over BGN 1.1 Million after Changes in the Tax Code
Over BGN 1.1 million will save the business annually from one of the proposed amendments to the Tax and Insurance Procedure Code (TSPC), which are published by the Ministry of Finance for public discussion. This was announced by the National Revenue Service (NRA).
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.
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