Bulgaria begins collecting income tax for 2015

Written by on January 4, 2016 in Bulgaria - Comments Off on Bulgaria begins collecting income tax for 2015

On the first working day of 2016, Bulgaria’s National Revenue Agency (NRA) is already accepting income tax filings for the previous year. The deadline for filing tax returns this year is May 3.

The reward for getting one’s tax return in early is getting a five per cent discount on the amount owed, but only if the forms are filed electronically – and it applies only to the amount currently due, not the full amount of tax for 2015.

As last year, individuals submitting the tax returns only require a personal identification code, which can be obtained at a local NRA office free of charge.

NRA spokesperson Rossen Buchvarov told Bulgarian National Television on January 4 that the agency has already received the first income tax returns for 2015 and estimated that as many as 40 per cent of all tax return forms filed this year could come electronically.

In a statement last week, however, the agency said that there could be a delay in processing incoming tax forms, as the agency’s IT system is scheduled to be down on January 4-6. All incoming filings will still be accepted, but would not be processed until January 7, which is also when the agency will resume issuing any taxpayer documents.

(Photo: Darren Shaw/sxc.hu)

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