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Bulgarian Parliament Approves Tax Measures for 2021

24 November 2020

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Approved Changes

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Bulgaria

On 19 November 2020, the Bulgarian parliament reportedly approved the tax measures included as part of the Budget for 2021. The main tax measures include the following: A permanent change in the annual corporate income tax return deadline from 31 March to 30 June of the following year (30 June deadline provided in 2020 due to COVID-19); A permanent change in the annual individual income tax return deadline from 30 April to 30 June of the following year (30 June deadline provided in 2020 due to COVID-19); Changes in the requirements for advance corporate tax installments, including: declarations on adjustments...