3 edition of Bulgaria Tax Guide found in the catalog.
by International Business Publications, USA
Written in English
|The Physical Object|
|Number of Pages||368|
Basic data on Bulgaria's income tax rates tax laws v.a.t. Bulgaria's overview of economy main economic indicators GDP inflation rates unemployment. Tax treaties visa work permits incentives for investors in Bulgaria. The tax point (time of supply) rules in Bulgaria determine when the VAT is due. In general, for goods where a VAT invoice has not been issued, i.e. most B2C transactions, the tax point is generally the physical supply of the goods or the payment, whichever is earlier.
In short, our guides and books are essential reading for anybody living, working or doing business in a foreign country. Legal, Tax, Immigration, Investment & Business Guides: how things really work in other countries Clear • Accurate • Independent Written by professionals: lawyers, accountants, estate agents etc. The last time the basis tax value was recalculated was in This makes Bulgaria the country with lowest property tax in the whole European Union. For example the annual property taxes and the annual garbage taxes for a property in a big Bulgarian city or in a resort area are EUR.
Can claim a nonrefundable credit other than the child tax c edit r or the cedit for other dependents, such as the for eign tax cr edit, r education credits, or general business cedit.r Owe other taxes, such as self-employment tax, household employment taxes, additional tax on IRAs or other quali ed retiement plans and tax-favor ed accounts.r. Taxes in Bulgaria are collected on both state and local levels. The most important taxes are collected on state level, these taxes include an income tax, social security, corporate taxes and value added local level property taxes as well as various fees are collected. All income earned in Bulgaria is taxed on a flat rate of 10%. Employment income earned in Bulgaria is also subject to.
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Bulgaria: Tax Guide [Ibp Usa] on *FREE* shipping on qualifying offers. Bulgaria: Tax Guide. Bulgaria levies withholding tax on the gross amount paid, but EU resident entities can claim a refund of a portion of the withholding tax paid on the gross income for the calendar year.
Royalties – Royalties paid to a nonresident are subject to a 10% withholding tax, unless the rate is reduced under a tax treaty or the EU interest and royalties. Bulgaria levies withholding tax on the gross amount paid, but upon completion of a specific procedure before the Bulgarian tax authorities, EU resident entities may claim a refund of a portion of the withholding tax paid on the gross income for the calendar year.
No withholding tax applies to payments to residents. Publications. Bulgaria Tax Guide / The PKF Bulgaria Tax Guide / contains details about tax within Bulgaria and contact details for local tax specialists in local PKF firms who will be able to provide taxation advice to help your business.
A Guide to Tax in Bulgaria. Tax Residency. A person is liable for taxes in Bulgaria if they fulfil one or more of the following criteria: Have a permanent address in Bulgaria. Spend more than days in Bulgaria within any day period ending in the tax year in question. Bulgaria Corporate Tax Rate.
Bulgaria corporate tax rate is 10%. The income tax of companies registered in Bulgaria is dependent on the nature of their activities. The profits of local legal entities and business activities of foreign legal entities carried on within the Republic of Bulgaria are subject to a 10% corporation tax.
Twenty per cent of rental income isn’t taxed; the remainder is taxed at your personal income (or corporation) tax rate. If you receive rent and aren’t resident in Bulgaria for tax purposes, a 15 per cent withholding tax is levied, minus deductions for allowable expenses such as mortgage interest.
Tax publications of PricewaterhouseCoopers Bulgaria. Download our tax newsletters: March Summary of the major amendments to the Implementing Regulations of the Value Added Tax Act; January Corporate Income Tax Act and Tax and Social Security Procedure Code); January Value Added Tax Act (VATA); January Personal Income Tax Act and Social Security Legislation.
Expatriate Handbook for Bulgaria edition This booklet is for information purposes only and does not represent tax advice. It contains information based on the Bulgarian legislation as at January The booklet is of necessity brief and no action should be taken solely on the basis of the information contained herein.
Introduction. Bulgaria: Worldwide Tax Summaries In-depth guide produced by PwC addressing a wide range of corporate and personal tax topics, with overviews of significant developments and quick charts showing key current tax rates and due dates.
Previous editions covering corporate taxes going back to. For foreigners, residents of Bulgaria for tax purposes: Identification Number, which consists of a block of 10 digits (please note that this identification number cannot be validated in the on-line check module) 2. TIN description For identification of Bulgarian citizens: File Size: KB.
Countries shown in this late winter satellite image of the southern Balkan Peninsula include Italy (left center edge), Greece (below center), and Turkey (right edge). At upper right is the Black Sea, at center is the Aegean Sea, at upper left is the Adriatic Sea, and at bottom left is the Mediterranean Sea.
North of Turkey are Bulgaria and Romania. An individual who sells one moveable asset pays tax on the difference between the sale price and the cost of the asset sold on adjusting the cost to the rate of inflation.
Capital gains tax for companies in Bulgaria is added to the regular income. Reporting Dates and Payment in Bulgaria. The tax year in Bulgaria is the year ending on December Bulgarian Tax guide (Deloitte) — filed under: Bulgaria The Taxation and Investment Guides are a first stop for investors wishing to gain a working perspective on the operating conditions and investment climate – including the legal, accounting and taxation framework – in the countries covered in the Deloitte International Tax Source.
SofiaBulgaria 23A San Stefano str. Tel: + 85 00 [email protected] BULGARIAN TAX GUIDE I. CORPORATE INCOME TAX (CIT) Resident companies are subject to corporate tax on their worldwide income. A company is considered as being Bulgarian tax resident if. EY is a global leader in assurance, tax, transaction and advisory services.
The insights and quality services we deliver help build trust and confidence in the capital markets and in. The corporate income tax rate is 15% for taxpayers with annual turnover exceeding ALL14 million (approximately EUR,) and 5% for taxpayers with annual turnover from ALL8 million (approximately EUR65,) to ALL14 million (approximately EUR,).
As a non-EU resident you are entitled to reclaim your VAT on items purchased in Bulgaria and taken home with you. HOW TO SHOP TAX FREE IN BULGARIA. To ensure you reclaim your VAT successfully. Shop tax free wherever you see the Tax Free Bulgaria logo. Minimum spend: lv; Purchase items for a minimum of lv/ euro in the same store.
Worldwide Tax Summaries cuts through those complexities. This useful online tool will help you make informed decisions with the most up-to-date and relevant details about tax systems in more than territories worldwide. Our Worldwide Tax Summaries online tool features: New Quick Charts, providing territory specific tax information.
Online tax calculator – Bulgaria. Income tax rate for (declared in return) In Bulgaria, you pay income tax at an annual flat rate of 10% (on your taxable income, less compulsory contributions and any tax relief you qualify for).
You may be entitled to a tax-free allowance which varies depending on your personal circumstances. Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited (“DTTL”), its global network of member firms, and their related entities (collectively, the “Deloitte organization”).
DTTL (also referred to as “Deloitte Global”) and each of its member firms and related entities are legally separate and independent entities, which.TAX GUIDE 1 Corporate income tax Corporate income tax rate 16% Taxpayers - Romanian legal entities, except for taxpayers subject to the micro-enterprises tax or specific tax1, tax-transparent entities and certain institutions specifically defined in the Fiscal Code (Law no.
/ as further amended).File Size: KB.Corporation Tax. As some property interests in Bulgaria cannot be held directly by foreigners, buying through a local Bulgarian company is recommended.
If you own a company in Bulgaria, note that in January the rate of income tax for a corporation in Bulgaria was reduced from % to 15%. The tax year in Bulgaria ends on the 31 December.