15.04.2021

AN IMPORTANT DEADLINE FOR TAXES IS COMING TO AN END

Today is the deadline for submitting a Declaration to determine the type and amount of advance payments for 2021. This was announced by the National Revenue Agency. As of this year, the procedure for declaring advance payments has been changed. This is done by submitting the declaration under Art. 87a and Art. 88 of the Corporate Income Tax Act (CITA).

The form is submitted by the persons subject to corporate tax under CITA, as well as by natural persons carrying out economic activity as traders within the meaning of the Commercial Law, including sole traders, and by natural persons registered as farmers who have chosen the income from their economic activity to be taxed with tax on the annual tax base under Art. 28 of the Personal Income Tax Act (PITA).

Declaration is not submitted by the persons, who are exempted from advance payments and have not chosen to make such according to art. 83, para. 3 of CITA. These are:

- persons whose net sales revenues for the year before the previous year (2019) do not exceed BGN 300,000;

- the newly established in 2020 and in 2021 taxable persons, with the exception of the newly established ones as a result of transformation under the Commercial Law.

A declaration is also submitted if the estimated tax financial result is negative or zero, but the person is obliged to make advance payments. The declaration is submitted only electronically (through the portal for electronic services of the revenue agency, accessible with an electronic signature).

The deadline for payment of the monthly advance payments for the corporate tax for January, February, March and April and of the quarterly advance payments for the first quarter for the corporate tax under CITA for 2021 expires on April 15.

The fastest and easiest payment to the budget, free of charge, is done through a virtual POS-terminal in the portal for electronic services of the NRA.

More information for filling in the declarations and for paying the due taxes can be obtained by the NRA clients on the information phone 0700 18 700 for the price of one call, on the website of the agency or in the offices of the revenue administration.