The tax season has officially begun in Bulgaria, and it’s time to gear up for the 2025 tax campaign. This year, nearly 6,000 taxpayers have already filed their returns in the first six days! Many are utilizing the National Revenue Agency’s (NRA) e-Services Portal, proving that digital solutions make tax filing easier and faster. If you’re unfamiliar with Bulgaria’s tax system, read on to discover the benefits and processes shaping this year’s campaign.
What’s New and What You Should Know
Maximize Your Refund with Tax Benefits
Taxpayers in Bulgaria who earned income in 2024 can lower their tax base by claiming various benefits designed to ease financial burdens. Here’s a snapshot of what’s available:
- Parents Rejoice: Families with children can claim up to BGN 600 for one child, BGN 1,200 for two, and BGN 1,800 for three or more. Parents raising a child with disabilities can claim up to BGN 1,200.
- Home Improvement Perks: Spent money fixing up your home? Save up to BGN 200 with the home improvement tax relief. Make sure to keep proof of payments!
- Young Families Win Big: If you’re under 35 and bought a home with a mortgage, you can deduct the interest paid on up to BGN 100,000 of the loan principal.
- Disability Relief: Taxpayers with 50% or more reduced working capacity can lower their tax base by a substantial BGN 7,920.
- Support for Donations: Donors to causes like healthcare, culture, or social services can reduce their tax base by up to 65% of their income.
Stay Ahead: Check Your Account Online
Before claiming any benefits, ensure you have no outstanding public obligations. It’s easy to check your tax and social security account online through the NRA’s “Statement of Liabilities” service.
Efficient Refund Process
If you’re due a refund, good news! The NRA typically processes refunds within a week of receiving your declaration. In rare cases, this may take up to a month.
Deadlines to Keep in Mind
For individuals operating as traders, sole proprietors, or farmers using specific taxation procedures, declarations are accepted between March 1 and June 30. For everyone else, earlier submissions are encouraged!
Filing Made Easy
More than half of early filers used the NRA’s e-Services Portal—a fast and convenient way to submit tax returns from the comfort of your home. Not tech-savvy? Don’t worry! Assistance is available on the NRA website, Facebook page, or by contacting the Information Center at 0700 18 700.
Why Filing Early Matters
Starting early gives you time to gather documents, clarify doubts, and avoid the last-minute rush. Plus, it ensures you receive your tax benefits faster!