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Annual Company accounts and tax returns

12.03.2016

Annual Company accounts and tax returns Annual Company accounts:
All people in Bulgaria( Bulgarian and Foreign ) who have bought houses, apartments, lands- any kind of property via Bulgarian Limited company, have to submit annual accounts according to the Bulgarian Law. This have to be done every year by the 31st March of the following
year for the period( from 1st Jan-31st Dec). All companies traded and not traded, even and those who has not made a single transaction- the accounts must still be submitted to the authorities. Like any accountancy issue this is best done by registered professionals.
Failure to submit accounts by 31st March now results in fines ranging between 250-1500Euros ( depending of the length of the delay).
If you wish to use our services to submit your company accounts or need more information- please contact us at: office@bulgarianhouse.com

Corporate accounts: Trading Companies

If you have multiple investments in Bulgaria , registered for VAT, rental incomes, etc you will need also to submit your annual company tax reports.
Every individual case is different, please contact us to discuss your situation and for more information at:office@bulgarianhouse.com

Annual Property taxes

If you have real estate in Bulgaria( house, apartment or regulated plot of land),you are obligated to pay your annual property taxes. If you pay them up to 31st April will use 5% discount of the taxes.
Failure to pay your property taxes will bring you some interests and rising the property taxes.
If you wish to use our service to pay your property taxes, please contact us for more information at:office@bulgarianhouse.com

Buying property in Europe from the other side of the world, presents all manner of difficulties, even before one factors in the current martial law in Philippines , and Brexit ( for a UK passport ) in Europe. I had previous experience of buying in Bulgaria, and already knew a number of local agents. Kunka, I came to know about a year before I finally managed to make the return... she admitted that the extraordinary set of circumstances I faced, took more than a little understanding, since they seemed unbelievable. Nonetheless, she neither flinched, nor blinked, and with utmost patience, helped me through not only the purchase, but a whole heap of other problems. Both she and Hristov were kindness itself, and always stood ready to assist. Not only were they very capable as agents, and professional in every way, but their assistance has been extremely welcome, given the immense difficulties faced. With experience of agents here and internationally, I'm happy to offer the highest of recommendations for their professionalism , help well beyond the terms of house purchase, and for their sincerity and friendship. Andrew Davies

— Andrew Davies, UK
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