October 2020 / Bulgaria

October 29 2020

Bulgaria Proposes Extension of Deadline for Publication of Annual Financial Reports

On 27 October 2020, as part of the 2021 draft bill, Bulgaria officially proposed an extension of the deadline for the publication of annual financial reports by enterprises to 30 September (currently, 30 June) of the year following the year which the financial reports refer to. Such extension had been introduced as a temporary COVID-19 measure in 2020 with respect to annual financial reports for the tax year 2019; it is now proposed that the extended deadline be implemented on a permanent basis.