Bulgaria - Property Tax
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Our property services in Bulgaria
From our main Bulgarian office in Sofia we deliver a full range of property services, from rentals and property management to resales. Our property services cover the principal property locations in Bulgaria such as Sofia, Bansko and Sunny Beach. Contact us to find out more about our Bulgarian property services. |
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.