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Withholding Tax
Bulgaria How To
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Information on the Bulgarian withholding tax...
With withholding tax are levied:
Dividends and liquidation shares which are distributed by local companies in favour of (i) foreign companies, except for the cases when the dividends are realized by a foreign company through permanent establishment in Bulgaria; (ii) Bulgarian companies that are not traders. In this case the tax rate is 5 percent.
With withholding tax is also levied the following income of foreign companies when this income is not realised trough a permanent establishment in Bulgaria:
- income from financial assets and transactions with financial assets issued by Bulgarian companies
- interests payment
- income from rent
- author and license fees
- remunerations for technical services
- remunerations under franchising and factoring contracts
- remunerations for managing and controlling a Bulgarian companies
- income from transfer of rights of immovable property, located in Bulgaria
The tax rate is set at 10 percent.
Information supplied by Tax Com Ltd, 5 Nikola Vaptsarov Str., Floor 5, Office 501, Varna 9005
Tel: 052 712 381 / 052 712 382, Fax: 052 712 383
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Managing Director: Mr Delyan Sarov
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