Taxes in Bulgaria

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1. Income tax in Bulgaria - 10%

Tax is paid to the Republican budget.
By the end of the year, depending on the actual profit it will be corrected:
- If the profit is more than last year's earnings, the difference will be paid,
- If the profit is below than the last year, the amount overpaid is to offset future payments with interest at the rate of the National Bank. New firms and firms that have taken losses in the past year, make monthly payments based on actual earnings for the previous month. This is to some extent about, so for the year also made a correction.
We note that since the beginning of 2010 the income tax is not a subject to foreign individuals and Bulgarians, who were the owners of the property for three years.
2. Dividend income in Bulgaria - 6%

3. VAT in Bulgaria - 20%
Purchase and sale of agricultural land in Bulgaria are exempt from VAT.
VAT paid company with annual sales of more than 25,000 euro.

4. Tax on real estate in Bulgaria - 0.15% of taxable value of the object (the price of real estate, defined territorial tax service, as a rule, it is a quarter of the real value)

5. The land tax in Bulgaria - 0.15% of the tax value of the land (land price determined by the territorial tax service, as a rule, it is a quarter of the real value). Within two months from the date of acquisition of real estate in Bulgaria, the owner must declare it to the local tax authorities. The annual tax on agricultural land will be charged.

6. The tax on waste disposal in Bulgaria - 0.15 - 0.25% of the taxable value of the object is determined depending on the location of the local authorities, to be paid simultaneously with the real estate tax.
In the residential complexes in Bulgaria there is a tax for the service, which includes the protection of the territory, territory cleaning, apartments maintenance and repair of the common areas, landscaping work, support for the pool, etc. Fees are charged per square meter of the apartment in a year and established service company.

Separately, paid utilities:
water - 0.5 Evro/m3
Electricity - 0.10 stotinki (night) - 0.17 stotinki (day) / kWh
The taxes are for all types of real estate located in the territory of Bulgaria, with the exception of the forests and rural lands.
The tax base for individuals is the price of the real estate, defined territorial tax service - the so-called tax assessment for companies - balance sheet value. The tax assessment is the cost of the project, calculated in accordance with established state standards, and is the basis for calculating the tax payable by a property in Bulgaria for individuals. The tax assessment is usually about 20-40% of the market value of the object. The tax can be made in equal installments by 31 March.

Taxation and maintenance of property:

The costs associated with the registration of the ownership of the real estate in Bulgaria is around 4% -6% (the tax to the local budget, notary fees, registration fees for the judicial and legal services) from the state valuation of the property, which is territorial tax service and cannot be lower than the price stated in the notarial deed.
Paying tax once a year, you get 5% discount.

The contents of the real estate in Bulgaria:
There is a payment for the service of companies for the maintenance of the complex at a rate of 6.12 euro per square meter per year.
On individual counters the cost for water and electricity. Telephone and Internet is in line (about 25 and 15 euro per month, respectively).

7. The tax on vehicles:

Tax paid by legal entities and natural persons - who owns a vehicles.
Taxed cars, trucks, trailers, buses, tractors, ships, airplanes, etc. The amount of tax depends on engine capacity and year of manufacture:
Tax is paid in two equal installments on time:
The first part - up to March 31
second - until September 30.

Paid travel on the roads in Bulgaria:

To travel on the roads outside settlements introduced coupons. The annual coupon for cars is 67 leva, for month - 10 leva for a week - 4 lev.
8. Taxation of individuals. The tax on personal income is 10%.
9. Annual (patent) tax. Patent tax paid by private businesses only. For legal entities patent tax repealed.

10. Translation proceeds in Bulgaria:
Foreign investors are free to repatriate income earned in Bulgaria, providing proof of payment, the above-mentioned taxes.