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Taxation of Individuals
The taxation of the annual income of the individuals in Bulgaria is in accordance with the following progressive table:
Annual Income Taxation:
up to 2400 leva - Free of taxes
from 2400 leva to 3000 leva - 20 % for the income over 2400 leva
from 3000 leva to 7200 leva - 120 leva + 22 % for the income over 3000 leva
over 7200 leva - 1044 leva + 24 % for the income over 7200 leva
The dividends accounted from Bulgarian companies in benefit of the shareholders in the respective company will be taxed with “ final tax” which is always in the amount of 7% . This income, after the taxation with 7%, will not be included in the total income described in the table above. |