tax
What is Advance Corporate Tax Payments?
Bulgarian companies pay Corporate Income Tax in quarterly advance instalments based on prior-year profit. Due dates: 15 April, 15 July, 15 October, 15 December. Final balance reconciles in the annual CT return by 31 March.
Current Rate (Quarterly advance payments throughout the calendar year)
Computed as ¼ of prior year CT liability per quarter
Example
Acme OOD with prior year CT of BGN 40,000 pays BGN 10,000 advance on each of the four quarterly dates. Year-end annual return reconciles actual profit to advance payments.
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