Bulgaria - Property Tax
Bulgaria has a fairly low tax regime with many of the main taxes at only 10%. When it comes to buying property the taxes are relatively low at 2% though VAT on new builds is 20%.
The following taxes are relevant when purchasing property in Bulgaria:
Bulgarian Property - Buying Taxes
Bulgarian Property Purchase Tax
Purchase tax (and notary fees) come to around 2% when purchasing
property in Bulgaria.
VAT on new build property
VAT is applied at the rate of 20% on new build Bulgarian property.
Bulgarian Property - Selling Taxes
Bulgarian Property Sales Tax
There is no direct tax when selling a property in Bulgaria.
Capital gains tax
The current rate in Bulgaria is 10% (taxed as income).
Bulgarian Property - Ongoing Taxes
Income Tax
Bulgaria income tax is a flat rate 10%.
General Sales Tax (VAT)
The rate of Bulgarian VAT is 20%.
Corporation Tax
The Corporation tax rate in Bulgaria is a flat rate 10%.
Annual Buglarian Property Tax
There is a small annual tax payable on property in Bulgaria.
The amount varies depending on the size and location of the property.
Often the annual tax amounts to less than 50 euros.