BG version As of 01.01.2024 there is a change in the scope of income that needs to be part of the report under Art. 73, para. 6 of the Personal Income Tax Act (PITA). With this report employers are obliged to declare the taxable income [...]
As from 1st of January 2016, there are changes which have been officially announced and implemented in the Bulgarian labour and insurance legislation. Driven by our constant desire to always keep you updated with all the statutory changes in Bulgaria that concern you and can directly influence your operations, we [...]
Taxable base can be reduced with up to 65% through donations, if certain conditions are met. Because the incomes of individuals in Bulgaria are taxed with a flat rate of 10%, the due tax can be decreased with up to 65% as well in a case of a donation. With [...]
Exceptions: An annual declaration should not be submitted in the following cases: When the citizen within the last year has only received income derived from a labour contract and as of 31st of December 2012 had an employer, who has calculated the annual amount of the due tax and has [...]
The deadline for annual taxation and declaring of income received in 2012, according to the provisions of the Personal Income Tax Act (PITA), is approaching – 30th of April 2013. By this date the due tax needs to be transferred to the National Revenue Agency bank account. Subject to tax [...]
