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INCOME
TAXES
-
An
individual
in
Bulgaria
is
liable
for
tax
on
his
income
as
an
employee
as
well
as
on
income
as
a
self-employed
person.
In
the
case
of
an
individual
who
answers
the
test
of
a
"permanent
resident"
of
Bulgaria,
tax
will
be
calculated
both
on
his
income
earned
in
Bulgaria
and
overseas.
A
foreign
resident
who
is
employed
in
Bulgaria
pays
tax
only
on
his
income
in
Bulgaria.
-
To
be
considered
a
Bulgarian
resident,
the
requirements
must
be
met
of
residency
in
Bulgaria
of
at
least
183
days
in
any
calendar
year,
and
occasionally
also
if
residency
is
less
than
183
days,
if
the
individual
has
a
home
in
Bulgaria
that
is
his
main
residence,
he
will
be
considered
a
Bulgarian
resident.
-
An
employer
is
obligated
to
deduct
the
income
tax
payable
as
well
as
national
insurance,
immediately
each
month
from
a
salary
paid
to
an
employee.
-
Certain
payments
are
deducted
from
taxable
income
as
detailed
below.
INDIVIDUAL
TAX
TABLE
| TAXATION BRACKET |
INCOME (BGL) |
| 0 |
to 1,320 |
| 15% |
1,321 - 1,800 |
| 22% |
1801 - 3,000 |
| 26% |
3,001 - 7,200 |
| 29% |
7,201 and above |
|
|
|
Bulgaria Translation