In compliance with the Bulgarian commercial legislation every Bulgarian company no matter if it is shell, dormant or active, shall be subject to year-end closure procedure and filling of annual tax return for its company accounts.
The procedure itself represents the finalizing of the financial results of the company throughout the preceding year and coming out with a financial report based on the company’s financial performance.
It is important to be remembered that no matter if a company in Bulgaria is having or not having any business activity at all, the year-end closure procedure must be carried out and this should be done not later than 31st of March the following year! Bulgarian Accountant will perform the preparation of the entire set of necessary documents and will submit them into the Bulgarian administration without the need of you to be present.