January 31 is the last day to pay tax with 5% discount

January 31 is the deadline to use the 5% discount when paying the tax under the annual tax returns.

The discount is in applicable for tax returns submitted electronically.

Another requirement is not to have any outstanding liabilities to the National Revenue Agency.

The revenue agency reminds that today is the deadline for self-insured persons to change the type of social security insurance. Contributions to the fund “State Social Security Pensions Fund” are compulsory.

Bulgaria’s National Revenue Agency (NRA) started accepting tax returns for 2018 on 10th of January.

Individuals and companies can submit tax returns electronically and on hard copies at the relevant NRA offices.

If the tax returns are submitted by 31st of January, there is a discount of 5% on the tax owed.

The deadline for filing the tax returns this year is 30th of April.