15.01.2021

An important change for traders and non-profit organizations

The Registry Agency reminds that according to the changes made in the Accounting Act at the end of 2019, a declaration of inactivity is submitted once, not annually.

Upon resumption of the activity, an annual financial report shall be prepared and submitted.

Pursuant to the adopted amendments, exempted from the obligation to submit annually a declaration of absence of activity within the meaning of item 30 of the Additional Provisions of the Accounting Act are the enterprises that did not operate in 2019 or each subsequent financial year and have declared this circumstance in the commercial register and the register of non-profit legal entities with a sample declaration by 30.06.2020.

Traders / non-profit organizations that did not operate in 2020 may submit a declaration under Art. 38, para. 9, item 2 of the Accounting Act according to an approved model until June 30, 2021 in the territorial office of the Registry Agency or electronically, through the unified portal https://portal.registryagency.bg/.