Taxes in Bulgaria
Legal entities are obligated to pay different types of taxes in Bulgaria - corporate tax (income tax), VAT, tax on dividends and liquidation shares from participation in local legal entities, interest tax, etc. Here is a brief overview of tax regime in Bulgaria.
CORPORATE INCOME TAX (CORPORATE ...
Property taxes and fees in Bulgaria
The Local Taxes and Fees Act (LTFA) regulates the regime for taxation with property taxes and fees in Bulgaria.
Here is a brief overview of the main property taxes and fees in Bulgaria.
REAL ESTATE TAX
With real estate tax are levied the located on the territory of the country bu...
Social security in Bulgaria
There are minimum monthly insurance thresholds for the payment of health insurance and social security in Bulgaria.
Firstly, these thresholds are different for each business and profession. They serve as a basis for calculating the social security contribution.
Secondly, the social insurance contributions are due o...
Inheritance tax in Bulgaria
Inheritance tax in Bulgaria is levied on the estate of any decedent Bulgarian citizen located within Bulgaria or abroad when devolved by legal or , as well as on the estate located within Bulgaria where so devolved by any decedent foreign citizen.
Issuance of Tax Residency Certificate in Bulgaria
Individuals and companies may apply for a tax residency certificate in Bulgaria to claim tax relief abroad.
The National Revenue Agency of the Republic of Bulgaria certifies that the person is a Bulgarian resident for tax purposes and is subject to tax on its/his/hers worldwide income in the Republic of Bulgaria.
VAT Deregistration in case of Bulgarian company liquidation
When your Bulgarian company goes into liquidation, VAT deregistration procedure is compulsory. After the date of deregistration, the company has no right to charge VAT and to deduct credit for input tax.
The winding up or liquidation of a company is one of the grounds for compulsory VAT deregistration, unless th...
VAT registration in Bulgaria
VAT registration in Bulgaria is compulsory and optional.
The National Revenue Agency issues an identification number for VAT purposes, having a prefix "BG".
Registration of non-residents for VAT purposes in Bulgaria
The Bulgarian VAT Act provides a special procedure for registration of non-residents for VAT purposes.
The registration shall be made at the National Revenue Agency territorial directorate.
Any non-resident person, who has a fixed establishment within the territory of Bulgaria from which the said person carries out...
VAT taxation of imports in Bulgaria
Taxation of imports in Bulgaria is regulated by the Value Added Tax Act. The importation of goods is subject to VAT at a rate of 20%.
According to the VAT Act "importation of goods"...
2021 tax rates and social security contributions in Bulgaria
In 2021 tax rates and social security contributions in Bulgaria remains unchanged. However, the monthly expenses may increase due to the increase of the minimum wage and the minimum insurance thresholds which are different for each business and profession.