More Than Half Of Bulgaria's Companies Are Inactive

Business | March 14, 2014, Friday // 10:42| Views: 2509 | Comments: 1
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Bulgaria: More Than Half Of Bulgaria's Companies Are Inactive Photo: BGNES

More than half of Bulgaria's companies were inactive in 2013, shows data of the National Revenue Agency (NRA), based on the corporate tax declarations. 

So far 50 600 Bulgarian companies have filed their declarations for 2013. Of them 27 000 declared profits, while the rest declared that they didn't do any business. 

The deadline for filing corporate profit declarations, including for companies who were inactive, expires on March 31.

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Len Smith - 15 Mar 2014 // 10:24:16

They need to let the people who had to buy houses by setting up a company but are inactive in trading let them have their houses in their own name instead of charging them again for the privilege of owning their own property and this would do away with the anomaly of companies produce accounts the no profit it is a crazy situation