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Bulgarian Income Tax

Individuals who have a permanent address in Bulgaria or who stay in Bulgaria for more than 183 days in any 365-day period or who have their centre of vital interests in Bulgaria are treated as residents for tax purposes, and are taxable on their worldwide income. Non-resident individuals are taxable on their income from Bulgarian sources only. Individuals who are employed are subject to income tax on all remuneration, including bonuses and other benefits in cash and kind, but certain types of income do not constitute taxable remuneration, eg. allowances for business travel, and there are other exemptions (pensions, scholarships, certain types of investment income, etc.). As of 1 January 2008, the previous progressive income tax rates have been replaced by a flat tax rate of 10%.  Therefore, there are no credits, nor personal allowances (except for disabled individuals).

 
 

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The information presented on this website gives a superficial overview of a very complex topic. You should seek professional advice about what to do before leaving one country, what to do when arriving in a new country of work, and most importantly, what your tax and social security liabilities will be in both, before, during and after an assignment. Please contact us for more detailed advice at info@capitaltaxconsulting.com
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