Bulgaristan - emlak vergisi rehberi

Corporate income tax

Bulgarian incorporated companies and non-resident companies acting through a permanent establishment in Bulgaria are subject to corporate income tax (CIT) on profits at the standard rate of 15%.  The tax is reportable to the tax authorities annually (by 31 March following the end of the accounting year).

Income tax

A non-resident company holding Bulgarian real estate is subject to final withholding tax at a rate of 15% on the gross amount of rental payments remitted offshore.

Capital gains

Capital gains realised by a Bulgarian company or a non-resident company carrying on business in Bulgaria through a branch are subject to CIT at the standard rate of 15%.

Capital gains realised by non-resident companies on the disposal of Bulgarian real estate are subject to final withholding tax at the rate of 15%.

Property transfer tax

Transfer of immovable property and rights in rem over such property for consideration is subject to a transfer tax of 2%.  The tax is levied on the higher amount of (i) the transactional price agreed between the parties and (ii) the tax valuation of the property determined by the tax authorities.

Property tax

Annual real estate tax of 0.15% is payable on the book value of the taxable property as at 1 January by property owning companies and companies holding rights in rem with respect to taxable Bulgarian property.  The tax is payable in four quarterly instalments during the relevant year.

Annual municipal charges apply on the book value of the property in the municipality where the property is located.  Rates are determined locally and, since generally set at around 1%, commonly exceed the rate of real estate tax outlined above.

VAT

VAT registration is compulsory for both resident and non-resident entities if the turnover from Bulgarian taxable supplies exceeds the threshold of €25,600 in any given period not exceeding 12 months.

Transfer of ownership, leasing, or transfer of rights in rem over buildings located in Bulgaria is a VATable transaction and is subject to VAT at the standard rate of 20%.

However, letting of residential property to individuals and transfer of ownership of land are VAT exempt supplies.