For the first time, enterprises within the meaning of the VAT Act, which are also registered under the VAT Law as of 30.09.2023, declare data to the NRA from their current accounting reports, reports NRA Silistra. They must declare the cash available in their coffers, the amount of receivables (including from granted loans) from the owners natural persons, workers, employees, persons with management and control contracts and accountable persons, when their total amount at the end of the calendar quarter, i.e. as of 30.09.2023, exceeds BGN 50,000.
These data are declared in Appendix No. 4 of the Declaration under Art. 55, para. 1 of the Income Tax Act and Art. 201, para. 1 of ZKPO (declaration of taxes due).
The first period for which the information is submitted is the third quarter of 2023, and the deadline for declaration is up to and including November 14, 2023. However, this period is not applicable for the payment of the due taxes, which should be paid within the time limits provided for in the Income Tax Act and ZKPO, namely – until October 31, 2023, the agency’s office in the maritime capital specified.
When a tax return is submitted under Art. 55, para. 1 of the Income Tax Act and Art. 201, para. 1 of ZKPO for the third quarter of 2023 (for example, on October 25, 2023), but after its submission, data from the current accounting statements must be declared, it is necessary to submit a new declaration by November 14, 2023, which contains both the data from the current accounting records and the already declared data for taxes due under the Personal Income Tax and Personal Income Tax Act. This is also the procedure when, within the legally established deadline (until November 14, 2023), it is necessary to correct data already submitted to the National Revenue Agency from the current accounting reports for the third quarter of 2023.
For the period October-December 2023 and the following quarters, the deadline for declaring the data from the current accounting is until the end of the month following the quarter.
In the tax return under Art. 55, para. 1 of the Income Tax Act and Art. 201, para. 1 of the ZKPO there is another new Appendix No. 3, which declares royalties and royalties charged and/or paid to foreign persons from a member state of the European Union. It is submitted once a year, together with the declaration under the two laws for the fourth quarter of the year.
More information can be found on the NRA website (nra.bg).