The year is getting to an end and we are getting ready for the, traditionally busy, first months of the coming year preparing the annual tax returns 2011.

For companies in Bulgaria the deadline for filing the annual tax return is March 31, 2012. Individuals file their personal income tax return before April 30, 2012. Check with your accountant when you are in doubt whether you are obliged to file a personal income tax return. Basically this is the case when you have income generated other than from a labor contract. When individuals submit the annual tax return and pay the tax up to 10th February 2012, there will be 5% discount over the tax amount.

Besides filing annual tax returns, companies have to publish their financial statements at the Bulgarian Registry Agency. Sole proprietor (ET) publish their financial statements before May 31, 2012.  For Ltd’s (EOOD/OOD) the deadline is June 30, 2012. For Jsc. (AD)The deadline is July 31st 2012.

When you want to know what the status of your company is then this would be a good time to check with your accountant.

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