Which incomes are taxable? Rate. Terms of payment. Who withheld the withholding tax and transfer it to the budget?
Withholding tax
Which incomes are taxable?
Incomes of foreign entities, when they are not realized through place of activity in the territory of Republic of Bulgaria.
dividends and liquidation quotas;
franchising and Factoring fees;
interest fees;
royalties fees ;
technical, consultancy and management services fees;
income from the use of movable or immovable property;
capital gains from transfer of real estates;
capital gains from financial assets issued by resident entities or the State and municipalities, except capital gains from shares on a regulated Bulgarian or EU market.
Rate:
5% for dividends and liquidation quotas;
10% for all other incomes.
Double Tax Treaty regulations are applicable.
Terms of payment :
one month following the month of accrual, or
three months following the month of accrual if the recipient is resident of a country with Double Tax Treaty agreement with Republic of Bulgaria.
Who withheld the withholding tax and transfer it to the budget?
resident payer;
if the payer is not a taxable person - the recepient of the income;
in case of capital gains the recipient of the income.
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