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, VAT may apply to real estate transactions depending on the type of property and the nature of the transaction. The sale of new buildings and regulated land is generally subject to 20% VAT, while the sale or leasing of old buildings is usually VAT-exempt, unless the seller opts to tax. These […]
Note on applicability This article explains the introduction of environmental charges on plastic bags in Bulgaria in 2011. While charges on plastic bags are still applicable today, the legal framework, rates, reporting obligations, and environmental compliance rules have changed since then in line with EU environmental legislation. The information below provides historical context and general […]