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.
The first thing I want to say is, thank you Kiki for all you have done. The first time we spoke to Kiki we felt right at ease. Because we didn' t know how or when we were going to be in Bulgaria we didn't let her know. So when we got there we contacted Kiki. Because we were only there for a week we didn't have much time. She immediatly made sure we could visit a house the same day. She called us crazy because it was 400 km from varna were we stayed. But we went. She could not be there with us because it was such short notice, but the next day she was. Kiki cleared her calender to make sure we could look at some other houses with her. Besides the fact she showed us some good houses we also had a lot of fun. When we went to see the last one it was bingo. So we would buy the house. Kiki made sure a paper work was oke before we left back to Belgium. Now not even a month later we can call ourselfes the proud owners of a house in Bulgaria. What Kiki did for us was amazing. Everything went smoothly without any problems. She is a hardworking woman,(sometimes to hard working), she makes sure everything goes smoothly. And besides that she is a great person. We know we have a new friend for life. When we buy our next house it will be with Kiki. So again Kiki thank you, you are amazing
— Bart en Annick, Belgie