Any property remaining after the liquidation of the public benefit organization shall be transferred to an organization designated for performing public benefit activities with the same or similar non-profit purposes.

The general principle is that the legal entities with non – profit purposes are not taxed for the activities pursuing their statutory goals.

Taxable persons according to art.2, para.1 the Law on Corporate Income Tax /LCIT/ are legal entities with non-profit purposes if they perform economic activity.

There are two types of tax registrations. The Code of Tax Procedure gives the legal framework of general tax registration.

In general for obtaining tax-exempt status the non-profits should be registered in the NGO’s register and pursue public benefit purposes.

According to the Law on Corporate Income Taxation, donations in favor of NGOs in public benefit, healthcare institutions, specialized organizations providing social services under the Law on Social Support, the Bulgarian Red Cross and others must be accounted as expenses.

In Force From 01.01.2004 Prom. SG. 86/30 Sep 2003, amend. SG. 70/10 Aug 2004, amend. SG. 105/29 Dec 2005, amend. SG. 30/11 Apr 2006, amend. SG. 68/22 Aug 2006, amend. SG. 59/20 Jul 2007, amend. SG. 100/30 Nov 2007, amend. SG. 69/5 Aug 2008, amend. SG. 108/19 Dec 2008, amend. SG. 42/5 Jun 2009, amend. SG. 74/15 Sep 2009, amend. SG. 103/29 Dec 2009

Prom. SG. 77/17 Sep 1991, amend. SG. 24/14 Mar 1995, amend. SG. 49/30 May 1995, amend. SG. 65/21 Jul 1995, amend. SG. 90/24 Oct 1996, suppl. SG. 122/19 Dec 1997, amend. SG. 33/24 Mar 1998, amend. SG. 130/5 Nov 1998, amend. SG. 154/28 Dec 1998, suppl. SG. 67/27 Jul 1999, amend. SG. 69/3 Aug 1999, amend. SG. 26/29 Mar 2000, amend. SG. 85/17 Oct 2000, amend. SG. 1/2 Jan 2001, suppl. SG. 28/19 Mar 2002, amend. SG. 45/30 Apr 2002, amend. SG. 119/27 Dec 2002, amend. SG. 69/5 Aug 2003, amend. SG. 19/1 Mar 2005, amend. SG. 34/19 Apr 2005, amend. SG. 30/11 Apr 2006, amend. SG. 69/25 Aug 2006, amend. SG. 61/27 Jul 2007, amend. SG. 63/3 Aug 2007, amend. SG. 54/13 Jun 2008, amend. SG. 108/19 Dec 2008, amend. SG. 6/23 Jan 2009, amend. SG. 14/20 Feb 2009, amend. SG. 35/12 May 2009, amend. SG. 42/5 Jun 2009, amend. SG. 44/12 Jun 2009, amend. SG. 15/23 Feb 2010

Prom. SG. 117/10 Dec 1997, amend. SG. 71/23 Jun 1998, amend. SG. 83/21 Jul 1998, amend. SG. 105/8 Sep 1998, amend. SG. 153/23 Dec 1998, amend. SG. 103/30 Nov 1999, amend. SG. 34/25 Apr 2000, amend. SG. 102/15 Dec 2000, amend. SG. 109/18 Dec 2001, amend. SG. 28/19 Mar 2002, amend. SG. 45/30 Apr 2002, amend. SG. 56/7 Jun 2002, amend. SG. 119/27 Dec 2002, amend. SG. 84/23 Sep 2003, amend. SG. 112/23 Dec 2003, amend. SG. 6/23 Jan 2004, suppl. SG. 18/5 Mar 2004, amend. SG. 36/30 Apr 2004, amend. SG. 70/10 Aug 2004, amend. SG. 106/3 Dec 2004, amend. SG. 87/1 Nov 2005, amend. SG. 94/25 Nov 2005, amend. SG. 100/13 Dec 2005, amend. SG. 103/23 Dec 2005, amend. SG. 105/29 Dec 2005, amend. SG. 30/11 Apr 2006, amend. SG. 36/2 May 2006, amend. SG. 105/22 Dec 2006, amend. SG. 55/6 Jul 2007, amend. SG. 110/21 Dec 2007, amend. SG. 70/8 Aug 2008, amend. SG. 105/9 Dec 2008, amend. SG. 12/13 Feb 2009, amend. SG. 19/13 Mar 2009, amend. SG. 41/2 Jun 2009, amend. SG. 95/1 Dec 2009

Effective from 01.01.2007 Prom. SG. 105/22 Dec 2006, amend. SG. 52/29 Jun 2007, amend. SG. 108/19 Dec 2007, amend. SG. 110/21 Dec 2007, amend. SG. 32/25 Mar 2008, amend. SG. 69/5 Aug 2008, amend. SG. 106/12 Dec 2008, amend. SG. 32/28 Apr 2009, amend. SG. 35/12 May 2009, amend. SG. 95/1 Dec 2009