11.11.2022

WHAT IS THE LEGAL INTEREST ON OBLIGATIONS TO THE NATIONAL REVENUE AGENCY?

The legal interest on arrears, which the National Revenue Agency administers, remains at 10 percent until the end of the year. The increase in the basic interest rate from 0% to 0.49%, which the Bulgarian National Bank introduced from October 1, 2022, will not be affected, since the legal interest is calculated twice a year - on January 1 and on July 1 on the relevant year, based on the base interest rate on that date plus 10 percentage points.