Taxpayers are natural and legal persons who are owners of immovable property,
e.g. buildings. Property tax rate is 0,15%. If the owner is a company, the tax
base is the book value of the property.
Rental Income Received: Personal income tax is due on an annual basis.
20% of the income is regarded as non-taxable. If the real estate and/or the
movable property are owned by more than one person, the income is divided in
proportion to the participation in the ownership. If the rent is payable to a
non-Bulgarian tax resident, a 15% withholding tax is levied.