November 26 2020

Bulgaria Officially Extends Submission of Corporate and Personal Income Tax Return Deadlines

Source: IBFD Tax Research Platform News

On 19 November 2020, Bulgaria, as part of the tax package for 2021, officially adopted the extension of the deadline for the submission of corporate income tax (CIT) and personal income tax (PIT) returns and the publication of annual financial reports.

Several other substantial changes contained in the Bulgarian 2021 tax package include, without being limited to, the implementation of the voluntary use of approved software for sales, an exemption from transfer tax for deregistered vehicles and a refund of excise duties imposed on ethyl alcohol used for disinfection purposes.

The announcement of the adoption of the package can be found here (in Bulgarian only).