TAX ADVICE IN BULGARIA

What taxes must be paid in Bulgaria?

• Value added tax (VAT) – 20% such tax is applied to most, but there are exceptions tourism industry – 7% – the tax rate, if it is the implementation of agreements with agricultural land – the rate is 0%.
• Income tax (SIT) – is 10%, the tax is deducted from firms with an annual turnover of more than 25,000 euros.
• If firms do not have such income, the tax is not paid.
• Personal income tax is 10%, The main rule – the tax is paid by all categories of the population without exception. If you are a resident, have a foreign income, the tax is levied on your internal and external income. In the case of non-residents – only received domestically.
• Real estate sales tax – It is calculated from the real estate tax assessment and is determined for each Municipality by the Municipal Council. For real estate, which is the main home, the tax is charged with a 50% discount.
• Dividend tax – 0-5%. If you are a business owner, it makes no sense to pay dividends to avoid double taxation. The reason for this is that property in Europe is also well protected in Bulgaria.

Optimization of taxes (taxation) in Bulgaria

The professional assistance of lawyers in Bulgaria in taxes is to find a legal and completely legal mechanism through which businesses can pay much lower taxes.

Legal decisions on tax optimization are our profile, which you can see during the consultation with a tax lawyer. No law or regulation can require a person or business to pay more than it should. We will help you spend your money wisely, keep your existing ones and increase your taxes so that your business grows quickly and legally.

A tax lawyer (lawyer) in Bulgaria will advise you on the choice optimal tax system for business in Bulgaria in terms of

• value added tax in Bulgaria VAT (VAT – value-added tax),
• corporate income tax (CIT – corporate income tax),
• personal income tax (PIT – personal income tax)
• social contributions from employees (ZUS)
• local tax in Bulgaria
• tax on dividends in Bulgaria
• excise duty in Bulgaria

Tax optimization / exit tax / tax planning (Bulgaria)

Among the most common tax optimization mechanisms in Bulgaria:

• Creation of a group of companies which includes funds in Luxembourg, the Netherlands, Liechtenstein, Cyprus and other jurisdictions depending on the profile of your business and its features.
• Expanding your business to favorable tax residences
  (Hong Kong, Singapore, Slovakia).
• Foreign asset refinancing systems.
• Use of offshore zones for Bulgarian business.

Representation in the tax authorities (tax representation) of Bulgaria

Representation in the tax authorities in Bulgaria from Prykhodko and partners is consulting, preparation of all necessary documentation, relations with the tax authorities of Bulgaria and the EU on VAT, CIT, PIT, ZUS, etc.

What are the responsibilities of a tax lawyer of Prikhodko and partners:

• Tax advice in Bulgaria
• Tax assessment in Bulgaria
• Preparation of tax documents in Bulgaria
• Tax Representation in Bulgaria
• Settlement of tax disputes in Bulgaria

What is the cost of tax advice in Bulgaria? Leave your phone number and our specialists will contact you.