Declarations for lack of business activity

A benefit for a certain category of enterprises, which didn’t implement business activity within the previous year under review, has been adopted with the amendments of the Accountancy Act (SG 92-2017). These enterprises are for example every type of merchants (Sole proprietors, Limited liability companies, joint-stock companies, co-operations, etc.); branches of foreign merchants; local legal entities, which are not merchants (for instance non-profit legal entities – associations and foundations, etc.); consortiums (as commercial entities and joint ventures); commercial agencies; foreign legal entities (under specific conditions); etc. (“Enterprises”). For more details: https://lawfirm.bg/en/publications/declarations-for-lack-of-business-activity-replace-the-publication-of-zero-annual-financial-reports