Bulgaria V.A.T. and Other Taxes

Bulgaria Value Added Tax

  • VAT in Bulgaria is 20%. There is a reduced rate of 9% for hotel services, books and certain specific products.
  • VAT is payable on assets and services in Bulgaria as well as on imports into Bulgaria.
  • Exports from Bulgaria are exempt from VAT.
  • Income from financial services such as insurance and banking services are exempt from VAT. Legal advice is also exempt from VAT subject to the terms specified in law.
  • Every business that had a turnover in excess of BGL 100,000 in the previous 12 months must register with the VAT authorities.
  • A 'VAT' bank account must be opened that will be used for payments of VAT and receipt of refunds.
  • VAT reports are filed monthly.

Bulgaria Real Estate Tax

  • The rate of tax on real estate is 0.01%-0.45%.
  • The rate is determined according to the location of the municipalities.

Bulgaria Transfer Tax

  • The tax is levied on transfer of real estate and vehicles. The tax rates are 0.1%-3%.

Bulgaria Inheritance Tax

Inheritance Tax is levied on individuals inheriting Bulgarian property.
The tax rate is 0.4% for close relatives,up to 6.6% for non close relatives.
There are exemptions for property valued under BGN 250,000.

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