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Annual company accounts and tax returns for Bulgarian Ltd

27.03.2017

Annual company accounts and tax returns for Bulgarian Ltd Once you have established a Bulgarian company, you have to do an annual company tax reports and declaration. Everybody who set up a company for the purpose to buy real estate in Bulgaria ( house, land, apartments, etc) have to declare annual company tax reports every year. You may not have sold your Bulgarian property nor done anything else with your company, but according to the law you still have to make a return.

Companies who do not trade are called inactive. The declaration that have to be filled up for them is a nil declaration which informs tax authorities that your company do not has activity, didn’t do any business during the calendar year and that no taxes are due from you.

Annual company tax returns covering the financial year from January 1 to December 31. They have to be submitted to the tax office, where your company is registered no later than June 30.

The penalties for not declaring

Please note that all Bulgarian companies are obligated to file annual company tax reports and pay their corporate taxes up to June 30. For those owners who didn’t submit their declaration there are big fines and big interest rate on the tax due if not paid on time.

If you need an accountancy and would like to use our service, pleas contact us at: office@bulgarianhouse.com for more information.

We want to thank Kunka and Hristo from Bulgarian house,for the help we received from you.Helpful with an engagement out of the ordenary, witout your support it would have been very difficult to buy a property in Bulgaria. Not only help for purchasing the house, but also to start a business and all extra paperwork that it entails. You have also provided answers to all kind of questions including those relating to history of Bulgaria and to live there.You also help us in small matters too and allways with a smile. We have found new friends in you,and we are grateful to know you.You also made a good work on the house making it up to date. We wish you all the best! Yours sincerely Christer & Mirka

— christer, sweden
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