All legal entities resident and non-resident but with place of business in Bulgaria have to file a corporation income tax return no later than March 31, 2015 even if there is no tax payable. Obligied to submit Corporate income tax-return are also:
- non-profit organizations if they carry on a trade or business;
- tax-exempt companies; and
- inactive companies.
Attention to managers! You must file your return on time to avoid penalties: first time -500 BGN, next time – double amount.
The taxable persons that submit their annual tax returns and their annual business report until 31 March of the subsequent year electronically and pay their corporate tax within the same time limit, shall enjoy a relief of 1 percent of the annual corporate tax due, however, this relief may not exceed BGN 1,000.
