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Advance instalments for Corporate income tax according to the Bulgarian CIT Law

Latchezar Georgiev2020-10-02T18:08:18+03:00March 18th, 2011|Accounting and Reporting|

In compliance with the Corporate Income Tax Act /Chapter fourteen ADVANCE CONTRIBUTIONS/, the taxable persons shall make monthly or quarterly advance contributions for corporate tax. Exempt from advance contributions shall be: 1. taxable persons, whose net income of sales for the preceding year does not exceed BGN 200 000; 2. [...]

Corporate Income Tax Act

Promulgated, State Gazette - No. 94/30.11.2010, effective 1.01.2011 PART ONE GENERAL DISPOSITIONS Chapter One GENERAL PROVISIONS Scope of Taxation Article 1. This Act regulates taxation of: 1. the profit accruing to resident legal persons; 2. the profit accruing to resident legal persons which are not merchants, including the organizations of [...]