The Bulgarian National Revenue Agency has declared that all declarations under the Corporate Income Tax Act (CITA), for which the filing obligation arises after December 31, 2017, are only submitted electronically. This is also applicable for annual corporate tax return for the year 2017. The submission deadline for this return was March 31, 2018. But, March 31 is Saturday. So, the due date shifts to April 2, 2018 from March 31, 2018. It also gives an annual activity report. According to Art. 92, Para. 5 of the CITA, a taxable entity that submits an annual tax return and the annual report on operations by 2 April 2018 (standard 31 March deadline falls on a Saturday), and that pays the corporate tax due within the same period, can get a reduction of 1 % of the annual corporate tax due but not more than BGN 1,000.
The non-submission of the declarations is sanctioned, with the minimum penalty being BGN 500 for the legal entity and BGN 200 for the manager of the company.
