Quick Answer Bulgaria has one of the most competitive tax systems in the European Union. Corporate income tax and personal income tax are both levied at a flat rate of 10%. Value Added Tax (VAT) applies at 20%, with a reduced 9% rate for specific goods and services. Tax residency, VAT registration, and filing deadlines […]
Quick answer In Bulgaria, invoices must include specific mandatory elements such as a unique invoice number, issue date, supplier and customer details, VAT information, tax base, and total amount due. Invoices are generally issued within 5 days of supply or payment and must be retained for at least 10 years to comply with Bulgarian VAT […]
Quick Answer Municipality taxes in Bulgaria are local taxes and fees administered by individual municipalities, not by the National Revenue Agency (NRA). They include property tax, vehicle tax, property acquisition tax, patent (license) tax, tourist tax, and various local fees. Rates and procedures vary by municipality, and payments are made directly to the relevant municipality. […]