VAT Treatment of Real Estate Transactions in Bulgaria: An Introduction

Property tax Bulgaria

Bulgaria’s Value Added Tax (VAT) law, or ЗДДС (Zakon za Danak Varhu Dobavenata Stoynost), contains specific provisions for real estate transactions. Understanding these provisions is crucial for anyone involved in buying, selling, or leasing property in Bulgaria. This blog post aims to provide a clear and concise overview of the VAT treatment of real estate […]

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Tax on representative expenses in Bulgaria

Representative expenses On representative expenses such as; dinners, gifts, cloths, food and drinks, a tax of 10% has to be paid. The expense is, together with the paid tax, deducted from the companies’ taxable income. The VAT on these expenses cannot be offset nor claimed. The tax is due up to the 15th of the […]

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Income tax and rental agreements

Per the 1st of January 2011 the amendments on Law on Income Tax of Individuals are in effect. The amendments have been published in the State Gazette (Държавен вестник) number 94, 30/11/2010. The law affects companies paying rent to physical persons. As of the 1st of January 2011, companies who pay rent to physical persons […]

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Bulgaria Says No to New EU Taxes

Bulgaria Says No to New EU Taxes Bulgaria has taken a stand against a European Commission proposal for the introduction of new taxes across the European Union, including a financial-transaction levy and a new value added tax. “Bulgaria doesn’t support the introduction of new taxes because it will impose an extra burden on EU citizens […]

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