Property Taxation In Bulgaria

To all those who have just purchased or in the near future is going to buy property in Bulgaria, will be useful to know what taxes must pay the owners of real estate in this country. Present paper contains all the important information on the taxation of real estate in Bulgaria. The tax on already purchased property in Bulgaria is calculated on the basis of tax assessment and, therefore, the most important news first in 2009 in respect of taxes – is that from the first January 2009 the tax assessment on real estate in Bulgaria has increased by 50 percent. The tax rate for property in Bulgaria is 0.15 percent of the tax evaluation each year. Since the tax assessment was increased in half, then, of course, that means a tax increase, but the real amount paid will still be small, as to increase the amount of tax on real estate Bulgaria varied within 10-20 to 100-120 euros. When purchasing real estate or new construction (if you have permission to use), any entity (natural or legal person) must submit an annual tax return within the time prescribed by law, but not more than 60 days from the date of purchase of real estate.

On the basis of tax assessment of real estate, and determined rates for garbage collection. Raising the tax assessment on Property in Bulgaria, of course, means increased and the amount paid at this rate. Every town and village Bulgarian themselves determine the amount of charge for garbage collection – usually the amount at this rate varies in the 10-40 euro year.

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