Bulgaria begins collecting income tax for 2016

Written by on January 3, 2017 in Bulgaria - Comments Off on Bulgaria begins collecting income tax for 2016

On the first working day of 2017, 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 2.

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 by March 31 and the discount is capped at 1000 leva.

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.

Bulgarian National Television reported that the agency has already received the first income tax returns for 2016, with 78 online filings, including 49 using the personal identification code, and 20 filings on paper carrier by noon on January 3.

The deadline for companies submitting their tax declarations for corporate tax is March 31. Filing the corporate tax declaration online and making the payment by that deadline entitled the companies to a one per cent discount, but no more than 1000 leva.

(Photo: Darren Shaw/sxc.hu)

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