In Bulgaria, income tax for an individual is payable at a rate of between 15% and 29%. Employers deduct income tax and national insurance contributions at source from employee salaries.

Bulgaria has Double Taxation Prevention agreements with many countries, including the UK, France and Canada, so that tax paid in one country is offset against that payable in the other.

VAT is 20%, payable on assets and services in Bulgaria, as well as imports into Bulgaria. Exports from the country are exempt. Also VAT exempt is legal advice, subject to the terms specified by law.

The Bulgarian tax year ends on 31st December.

Property taxes

Capital gains tax is payable on the sale of property.

Municipality tax (equivalent of 'stamp duty') is 2%, paid when the Notary Act is signed, based on the property value stated in the document.

Local municipal taxes - very low, often around 5 Euro per year (check locally).