Bulgarian Taxes

 

Tax Returns

All tax returns must be filed by 15th April following tax year in question.  Payable within 30 days from the filing of Return

Capital Gains Tax

Capital gains are normally taxed as an income.

Exemption from Capital Gains Tax

1 (one) immovable housing property

Up to 2 pieces of immovable property, agricultural property, plots of forest land.  This is provided that the period of more than 5 years has elapsed between acquisition and sale.

Any income as described above will be subject to final tax of 10% which is payable in Bulgaria.

Wealth Taxes

None in Bulgaria

Real Estate Taxes

An annual tax is payable  on the value of real estate by owners of real estate in Bulgaria, the rate of Tax will varie and is dependent upon whether the estate is used as residential or commercial purposes.  For Residential Property the rate is fixed by Local Authorities.

Commercial Buildings

The rate is 0.15%.  This tax is payable at the beginning of the year.

Corportate Taxes

Companies will be liable for corporate tax on their income.  In Bulgaria the standard corporate tax is 10%.

Inheritance Tax

None in Bulgaria

Gift Tax

None in Bulgaria

Social Security

Rates for Employees are Social Security 13% Employment Fund 2%

Healthcare Contributions

Contributions are calculated on income from employment only and up to a limit of approx BGN 200 per month.  These contributions are payable monthly.

This information is for guidance only as requirements may change from time to time