Are you aware of the taxes in Bulgaria?
25th January 2010
Many investors buying Property overseas will not know about local tax & registration charges in Central & Eastern Europe. This is why we recommend our investors to use our preferred partners in each of the countries we have promoted developments in.
Translating forms to fill out can be difficult if you don't know the local language and where to send them. In Bulgaria, we offer the following services on registering your new property through our own Management Company.
Property & Garbage Tax:
There are two local property rates i.e. property tax and garbage tax. We charge 75 Euros (Ex-VAT) per property for garbage and property tax registration. All property in Bulgaria needs to be registered for garbage tax and property tax within 2 months of issuing the Habitation Certificate (Act 16, otherwise heavy fines and compound interest charges are imposed. Annual payment of Property & Garbage tax once registered is a service that we include thereafter in the monthly management fee.
For more information on this service, email here
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