This page offers an overview of tax developments being reported globally by KPMG member firms in response to the Novel Coronavirus (COVID-19).
The content will be updated regularly. However, due to the fast-moving pace of change, it may not always reflect the most current developments in a given jurisdiction. Please refer to the date of accuracy and refer to the relevant links, under additional information, for original source information.
The Bulgarian Government introduced a number of measures in response to the effects of the COVID-19 epidemic, including:
Corporate Income Tax Act
It seems that the deadlines for filing the VAT return and the terms for payment of the monthly VAT liabilities will not be extended. It is still not clear whether and in what cases sanctions and penalties or interest for delays will be waived. It is unlikely that the terms for regular VAT refund procedures will be affected.
Personal Income Tax Act
Local Taxes and Fees Act
Unchanged deadlines in the tax and social security legislation