29.11.2021
WHAT AMOUNTS CAN BE REFUNDED FROM TAXES
By the end of December, we want relief for children through an employer
Parents of children and children with disabilities will be able to benefit from new higher tax reliefs. The tax rebate is significantly higher than in previous years and will apply only once to income from 2021.
In order to benefit from tax relief, a natural person (including a sole trader) must have received income taxable with annual taxes in 2021 (tax on the total annual tax base or tax on the annual tax base for income from business activity as a sole trader).
People without income, or only with non-taxable ones such as maternity benefit, for example, as well as only with income taxable with final and / or patent tax, cannot benefit from the benefits, but this can be done by the other parent, added the NRA.
For this year, the amounts by which it is possible to reduce the total annual tax base when using tax relief for children are: BGN 4,500 for one child, BGN 9,000 for two children and BGN 13,500 for three or more children. For raising a child with disabilities, the reduction for this year is BGN 9,000. The conditions for using the tax benefits for children and children with disabilities remain unchanged.
They are described in detail on the website of the National Revenue Agency, and next week more information will be published on the Facebook page of the ministry. One of the most important requirements for the application of the relief is that the persons have no obligations subject to enforcement. The NRA advises citizens to check their personal tax account online for liabilities with a personal identification code before using tax relief to avoid inconveniences.
Tax breaks can be used in two ways, as before. One is by filing a declaration with the employer under the main employment contract in the period from November 30 to December 31, 2021. In this case, the employer can refund the tax by the end of January 2022.
The second option to use the tax reduction is by submitting an annual tax return to the NRA within January 10 to May 3, 2022, and the amounts will be refunded after inspection by the Revenue Agency within 1 month after filing the return.
Detailed information about the tax reliefs is available on the website of the Revenue Agency www.nap.bg, the Facebook page of the department, and a telephone consultation on these issues can be made with the Information Center of the NRA by phone: 0700 18 700 and email: infocenter@nra.bg.
