I. VAT:
The amount of VAT in Bulgaria is 20% with some exceptions. Some deals are free of VAT /land purchase, shares purchases, etc /. Some are with VAT in smaller amount.

II. TAXATION OF INDIVIDUALS:

Annual income Tax - 10%

The dividends accounted from Bulgarian companies in benefit of the shareholders in the respective company will be taxed with “final tax” which is always in the amount of 5%. This income, after the taxation with 5%, will not be included in the total income described in the table above.

III. TAXATION OF COMPANIES:

The companies pay “corporative tax” in the amount of 10% of the net income for the respective year /annual basis/.

IV. TAXATION IN ACCORDANCE WITH THE REAL ESTATE OWNERSHIP

The taxation of the real estate assets is 0.15% of the tax valuation per annum. The valuation is in accordance with addendum No 2 of the Law for the local taxes and fees.

Also the owners of real estate properties have to pay fee for the treatment of the trash, which fee is different for the territory of every one municipality. The fee is defined every year by the municipality’s council.

V. TRANSFER ABROAD OF INCOME, REALIZED IN BULGARIA

The foreign investors can repatriate their income realized in Bulgaria without any restrictions after they prove that all due taxes regarding the mentioned incomes in Bulgaria are paid.

“Аngel Dinkov & Lawyers”- Lawyer`s Company Bourgas, Bulgaria
Telephones:+359/56 814-095; +359/888 40-32-62
Website:www.legaconsult.com
Email:info@legaconsult.com