The tax imposed on real estate assets is 0.15% of their tax valuation per year. The valuation is in accordance with Addendum No 2 of the Local Taxes and Fees Act. Additionally, the owners of real estate properties have a rubbish collection fee /communal tax/ which is different depending on the local regulations of each region. The fee is determined every year by the municipal council.
At Crown we have some of the best and most professional Accountancy advisers in Bulgaria; they are completely aware of the importance of accounting transparency and international obligations in respect to accountability. We can legally structure your purchase in such a way as to maximise your investment potential and protect the liability of whatever you decide as your investment exit route.
If you have any particular queries, please direct them to yana@crowndevelopments.com
More about Tax advice at: http://crowndevelopments.com/en/services/accountancy
For any details and/or queries please e-mail us.