Accountancy Advice

Annual Closure of Accounts for Companies

If you have a Bulgarian limited liability company, you are obliged to have the financial statements for the year 2012 drawn up and sent to the National Revenue Agency until 31 March 2013. After this done, you must publish the financial statements in the Commercial Register of the Registry Agency until 30 June 2013, so that you prevent a possible fine, imposed by the tax authorities. Our company offers both these services for a total fee of € 325 for companies with up to 50 documents, for a fee of € 335 for companies with up to 100 documents and for a fee of € 345 for companies with up to 150 documents. The fees include all expenses. If you appoint us, you can try this out, and we will draw up the documents, which you have to sign, one of our accountants will prepare the financial statements and we will send you all documents together for signing. When we receive the signed documents back from you, we will submit them to the National Revenue Agency and will publish them in the Commercial Register of the Registry Agency, so your company’s tax obligation for the year 2013 will be fulfilled.

Submission of Annual Income-Tax form, Calculation and Payment of Income Tax for Individuals

Purs. to Art. 7 of the Law for the Income Tax for Individuals, foreign individuals are obliged to pay tax for the income, acquired from sources in Bulgaria. Such income is: income from economic activity, income from rent or other rewarded provision of rights upon property, income from sale, exchange or other rewarded transfer of rights upon property, income from compensations for damages, list of companies etc. If you are not sure what to do whether you are obliged to pay income tax in Bulgaria, we will advise you for free. The term for submission of annual income-tax form is 30.04.2012. The term for payment of the declared tax is also 30.04.2012. If you submit your annual income-tax for form until 10.02.2012, you are entitled to a discount of 5 % from the amount of the tax. Our company’s fee for the service “Submission of annual income-tax form, Calculation and Payment of Income Tax for Individuals” is € 65 (the fee does not include the amount of the tax).

Calculation and Payment of Inhabited House Duty

If you pay the annual tax for your real estate until 30.04.2012, you are entitled to a discount of 5 % from the amount of the tax. Our fee for the service “Calculation and Payment of Inhabited House Duty” is € 45 (the fee does not include the amount of the tax).

Calculation and Payment of Duty on Vehicles

If you pay the annual tax for your car until 31.03.2012, you are entitled to a discount of 5 % from the amount of the tax. Our company’s fee for the service “Calculation and Payment of Duty on Vehicles” is € 45 (the fee does not include the amount of the tax).

This post is also available in: Bulgarian