Resources Taxing and accounting Monthly and annual obligations

Monthly and annual obligations

Monthly obligations
In Bulgaria VAT is administered on a monthly basis. If your company is registered under the VAT act it must file tax reports every month even without any activity.

Social security contributions and income taxes for individuals receiving remuneration from the company are also filed on a monthly basis.

Annual obligations
Until the end of March the company has to file tax reports the previous year. Additional report has to be filed for statistics purposes at the National Statistics Institute. No later than June 30 the company has to file an annual financial report at the Commercial register.