Tax Registration

Understand the tax implications of setting up a business and find out how companies are registered for tax in Bulgaria...

It is not necessary to register a company for tax or statistical purposes in order to register it with the Commercial Register. The National Revenue Agency and the Commercial Register exchange information and the trader is entered into the general register of The National Revenue Agency without the need for a separate application.

After registration, the company prepares accounting documents in accordance with the Accounting act and must abide by Bulgarian tax legislation.

The Bulgarian financial year ends on 31 December and an annual tax declaration should be submitted by 31 March of the next year. The rate of the corporate tax, levied on the company's annual profit is 10 percent.

VAT registration (Valued Added Tax registration)

If a company fulfills the special requirements under the Value Added Tax Act, it must be registered in a special register for the purposes of the Valued Added Tax Act.

Related Information

Information supplied by Tax Com Ltd, 5 Nikola Vaptsarov Str., Floor 5, Office 501, Varna 9005 Tel: 052 712 381 / 052 712 382, Fax: 052 712 383 e-mail Website Managing Director: Mr Delyan Sarov Copyright © 2013 Tax Com Ltd - All Rights Reserved