March 16 2021

Bulgaria Announces New Reporting Form for Advance CIT Instalments

Source: IBFD Tax Research Platform News

The Ministry of Finance has approved a new template form for the reporting of advance instalments of corporate income tax (CIT).

From 1 January 2021, CIT taxpayers should determine the advance CIT instalments and report them by filing the new form. Submissions should be done electronically between 1 March and 15 April 2021.

Once the advance CIT instalments are filed, changes to the assessment can be made. The changes must be filed before 15 November of the relevant fiscal year.

The new form is available on the website of the National Revenue Agency.