What are the obligations of individuals to the National Revenue Agency (NRA) in Bulgaria during the year?
The obligations of individuals to the National Revenue Agency (NRA) in Bulgaria during the year depend on their status and sources of income. Here are the main obligations:
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Filing a tax return
Annual tax return (Art. 50 of the Personal Income Tax Act):
Filing: By 30 April of the following year for income from the previous year.
Obligation: For persons who have received income other than that for which the employer has withheld tax (for example income from a liberal profession, civil contracts, rentals, income from abroad).
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Payment of taxes
Personal income tax:
Usually 10% of the taxable income, unless a different rate is provided for (for example in the case of dividends).
Payment: A single payment by 30 April for self-insured persons, liberal professions and other irregular income.
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Social-security contributions
Self-insured persons:
Mandatory advance social-security contributions (for health, social and pension insurance).
Payment: By the 25th day of the month following the one to which they relate.
Final social-security contributions: The difference between the annual income and the advance contributions already paid, payable by 30 April.
Persons without income:
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Other obligations
Advance tax:
For income from non-employment relationships: from rent, civil contracts, etc., the person must file a return for advance taxation (Art. 55 of the Personal Income Tax Act) and pay the tax due by the end of the month following the quarter in which the income was received.
Statements and corrections:
Checking tax obligations through the NRA's system.
Correcting filed returns when errors are discovered.
Health insurance status:
Checking and maintaining health insurance rights, especially in the case of an interruption of insurance.
Penalties for non-compliance
Late payments or failure to file returns can lead to interest and fines. That is why it is important to observe the deadlines and obligations to the NRA.
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