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