Bulgaria Corporation Tax : minfin.bg

Organization : Ministry of Finance
Facility : Corporation Tax
Country : Bulgaria
Website : https://www.minfin.bg/en/786

What is Bulgaria Corporation Tax?

The corporation tax regime is regulated in the Corporate Income Tax Act.

Related / Similar Facility : Bulgaria Withholding Tax

Corporation tax is levied on:
** the profit accruing to resident legal persons;
** the profit accruing to resident legal persons who are not merchants, including the organizations of the religious denominations, from any transactions covered under Article 1 of the Commerce Act, as well as from letting movable and immovable property;
** the profit accruing to non-resident legal persons from a permanent establishment in the Republic of Bulgaria.
** the profit from the activity of organizers of games of chance.

Bulgaria Corporation Taxable Persons

The following persons shall be taxable for corporation tax:
** any resident legal person – commercial corporation;
** resident legal persons who are not merchants – for their profit from any transactions covered under Article 1 of the Commerce Act, as well as from letting movable and immovable property;
** any resident unincorporated association and any social insurance fund established in pursuance of Article 8 of the Social Insurance Code;
** any non-resident legal person, where carrying out economic activity within Bulgaria through a permanent establishment;
** any non-resident unincorporated association, where carrying out economic activity within Bulgaria through a permanent establishment;

Bulgaria Corporation Taxable Amount

The taxable amount for assessment of the corporation tax shall be the tax profit.

Rate of Bulgaria Corporation Tax

The corporation tax rate shall be 10 per cent.

Period of Bulgaria Corporation Tax

The tax period for the assessment of the corporation tax shall be the calendar year. In respect of any newly incorporated taxable persons, the tax period shall cover the period from the date of incorporation thereof until the end of the year.

Declaring Bulgaria Corporation Tax

The taxable persons shall submit an annual tax return in a standard form regarding the tax financial result and the annual corporation tax due. The annual tax return shall be submitted between 01 March and 30 June of the following year at the National Revenue Agency territorial directorate exercising competence over the place of registration of the taxable person.

An annual activity report shall be submitted together with the annual tax return. An annual activity report shall not be submitted by the taxable persons who did not carry out activity within the meaning given by the Accountancy Act, except when for the tax period during which no activity within the meaning of the Accountancy Act is carried out, a liability for corporation or expense tax arises, and when the taxable person wishes to declare other data and circumstances provided for in the standard tax return form