The amount of VAT in Bulgaria is 20% with some exceptions. Some deals are free of VAT /land purchase, shares purchases, etc /. Some are with VAT in smaller amount.
The taxation of the real estate assets is 0.15% of the tax valuation per annum. The valuation is in accordance with addendum No 2 of the Law for the local taxes and fees.
Also the owners of real estate properties have to pay fee for the treatment of the trash, which fee is different for the territory of every one municipality. The fee is defined every year by the municipality' s council.
The taxation of the real estate assets is 0.15% of the tax valuation per annum. The valuation is in accordance with addendum No 2 of the Law for the local taxes and fees.
Also the owners of real estate properties have to pay fee for the treatment of the trash, which fee is different for the territory of every one municipality. The fee is defined every year by the municipality' s council.
The
tax
year
in
Bulgaria
is
the
year
ending
on
December
31.
A
limited
company
files
an
annual
report
by
March
31.
An
individual
must
file
an
annual
report
by
April
15.
Companies
that
finished
the
previous
year
with
a
profit
pay
12
monthly
advance
payments
in
the
following
year.
New
companies
make
4
quarterly
advance
payments.