FREQUENTLY
ASKED QUESTIONS:
Do I have to submit tax return even
if my company is not active?
Yes, every company in Bulgaria has to
prepare and submit a tax declaration
and annual report to the Tax office
(National revenue agency) up to 31st
of March on the subsequent year.
Do I have to submit my accounts (financial
reports) to the Commercial registry
when I haven't got any commercial activity?
Yes, by the regulations, every company
(inactive too) should prepare, submit
and publish its annual financial report
every year up to 30 of June on the subsequent
year or 3 months after the re-registration.
Companies formed before 01.01.2008 should
re-register themselves and to submit
their Financial reports for 2007, 2008,
2009, 2010 and 2011 immediately and
every annual financial report from this
year on.
When
is the deadline for re-registration
of my company in Commercial registry,
and what I have to do after that?
All companies should be registered in
the Commercial registry by the end of
2011. 3 months after the re-registration
you have to submit your financial reports
for 2007, 2008, 2009 and 2010 to the
Commercial register. After that you
have to submit your financial reports
every year up to 30th of June.
How the "Notary deed (Title deed)"
looks like?
Please, look at the sample: NOTARY
DEED.
Who
can prepare financial reports?
Only an accountant and under the conditions
that he/she has a PhD or MA academic
degree with 2 years professional experience,
Bachelor academic degree with 3 years
professional experience and a specialist
academic degree with 4 years professional
experience. Drawer can be a highly graduated
person with financial specialty different
than accountancy with 5 years professional
experience as an accountant, or a person
with high education (Finance specialized
high school) with 8 years professional
experience as an accountant.
Do
I have to pay some taxes in BG?
Yes. Other tax returns are required
if a person or a company is in possession
of real estate or vehicles. Every year
till the end of March you have to pay
your local taxes in municipality where
your property is registered.
