| Bulgarian taxes at a glance | | | | Ratio of the contributions between employee and |
| Corporate income tax | | | | employer |
| 10% | | | | In 2007 the ratio remains 65% for the employer and |
| Personal income taxup to 24%1 | | | | 35% for the employee. |
| Social security and health insurance | | | | The contributions to the Occupational Accident and |
| 36.4%2 of an insurance base between BGN 160 and | | | | Professional Disease Fundand the Guarantee Fund for |
| BGN 1,400. | | | | Employees’ Receivables are fully for the account |
| VAT rates | | | | ofthe employer. |
| 20% (0% for exports; 7% effective rate for certain | | | | Insurance base |
| tourist services). | | | | The gross remuneration less statutory expenses in |
| Withholding tax | | | | some cases. |
| 7% on: | | | | The minimum insurance base varies between BGN |
| • dividends or liquidation quotas distributable to | | | | 180 and BGN 851 per monthdepending on the |
| non-residents3,4,resident individuals or non-profit | | | | economic activity of the employer and the profession |
| entities; | | | | and gradeof the employee. |
| 10% on: | | | | The maximum insurance base is capped to BGN 1,400 |
| • interest, royalties, technical and management | | | | per month. |
| service fees and some otherincomes payable to | | | | Social security and health insurance |
| non-residents3. | | | | Social security treaties |
| One-off taxes on certain expenses | | | | Under existing bilateral treaties foreign employees |
| • 10% on representation expenses, some | | | | may be exempt from socialsecurity contributions in |
| expenses related to usage ofv ehicles for | | | | Bulgaria or contributions made in Bulgaria may ber |
| management purposes, as well as on social | | | | ecognised in their home country, if particular |
| expensesprovided in-kind. | | | | conditions are met. |
| Bulgarian taxes at a glance | | | | As of 1 January 2007 the provisions of the EEC |
| Local taxes and fees | | | | Regulation 1408/71 on socialsecurity are applicable to |
| Relate mainly to real estates, vehicles, donations, | | | | Bulgaria. The Regulation provides that the |
| inheritance, and garbagecollection. | | | | individualshould be insured only in one Member State |
| Excise duties | | | | – in principle this should be thecountry where the |
| Apply to alcohol, tobacco, some fuels and others. | | | | individual physically works. In case of a temporary a |
| Customs duties | | | | ssignment/posting abroad (in another EU – |
| Due on the customs value upon importation of | | | | country) for up to five years the individual |
| goods. | | | | maycontinue to contribute to his /her home country |
| Environmental fees | | | | social security system and beexempted from host |
| Include product fees on waste from packaging and | | | | country social security contributions provided he/she |
| fees on heavy fuel oil. | | | | obtainsan E101 form from his/her home country social |
| Specific corporate income tax regimes | | | | security authorities. |
| Apply to collective investment schemes, licensed | | | | Value added tax (VAT) |
| investment companies, specia lpurpose investment | | | | New VAT Act and Regulations for its application are |
| companies, gambling businesses, and some others. | | | | in force as of 1 January 2007following Bulgaria’s |
| Taxation of corporate profits | | | | accession to the EU. |
| Corporate income tax rate | | | | Rates |
| 10% on the taxable profit. | | | | • 20% standard rate – applies to domestic |
| Taxable profit | | | | taxable supplies carried out againstconsideration, |
| Statutory accounting profit/loss adjusted for tax | | | | intra-community acquisitions of goods and importation |
| purposes. | | | | ofgoods from non-EU Member States; |
| Statutory accounting | | | | • 7% reduced rate – applicable only to |
| Maintained in BGN on accrual basis. IFRS are gradually | | | | accommodation provided by a hotelieras part of a |
| introduced as a basisfor preparation of the financial | | | | tourist package tour. |
| statements of the companies6. | | | | Exemptions |
| Adjustments for tax purposes | | | | • With credit (= 0% VAT rate) – including but |
| Expenses not related to the business activities or not | | | | not limited to: export supplies;international transport |
| duly documented, expensesrelated to impairment of | | | | of goods and passengers including certain s |
| assets, provisions for liabilities, revaluation reserve | | | | uppliesrelated to international transport; |
| incertain cases, and others. | | | | intra-community supplies of goods; salesof duty-free |
| Tax residency | | | | goods in duty-free shops, where such sale is |
| Companies are deemed to be tax resident in Bulgaria | | | | considered exportas per the Duty Free Trade Act; |
| if they are registered in | | | | supplies of gold (except investment gold)to Central |
| Bulgaria. | | | | Banks of EU Member States; certain transactions |
| Permanent establishments of non-resident entities in | | | | related toi nternational trade, and specific supplies |
| Bulgaria are taxed likeresident companies. | | | | under international treaties; |
| Tax allowed depreciation | | | | • Without credit – including but not limited to: |
| 4% to 50%, depending on the type of the asset | | | | transfer of land and limitedproperty rights over land |
| under the straight-linedepreciatio n method. | | | | (excluding building land and attached land plotsto new |
| Thin capitalisation | | | | buildings), the rental of land and transfer of old |
| Interest expenses may not be fully deductible if the | | | | buildings or partsthereof, the rental of buildings or |
| debt/equity ratio of thecompany exceeds 3:1. | | | | parts thereof for residential purposes toindividuals |
| Taxation of corporate profits | | | | other than sole trader (an option to tax is available |
| Carry forward of tax losses | | | | for theset ransactions); financial and insurance |
| Tax losses can be carried forward over the following | | | | services; certain educational andcultural services; |
| five consecutive years. | | | | health services and some other specific supplies. |
| Foreign source losses may be offset only against | | | | There are also specific exemptions from import VAT |
| taxable profit from the samesource. Relief is | | | | and VAT on Intra-communityacquisitions of goods. |
| introduced with respect to EU source losses, which | | | | Transactions with place of supply outside Bulgaria |
| may be offsetagainst other source profits in certain | | | | that would be treated ast axable if performed on the |
| circumstances. | | | | territory of Bulgaria as well as provision of financial |
| Returns | | | | orinsurance services to non-EU residents are entitled |
| To be submitted annually by 31 March of the | | | | to VAT credit (related input VATis recoverable). |
| following year (the tax year is thecalendar year). | | | | Value added tax (VAT) |
| Payment | | | | Reverse charge mechanism |
| The tax under the annual tax return is due by 31 | | | | The range of supplies where the reverse charge |
| March of the following year. | | | | mechanism applies is extendedunder the current |
| Advance payments are due on a basis determined | | | | Bulgarian VAT legislation. |
| by the law. | | | | Some examples of supplies and services where the |
| Taxation of dividends and liquidation quotas | | | | reverse charge mechanismapplies where the supplier |
| Subject to 7% withholding tax when distributed to | | | | is neither registered for VAT purposes nor |
| resident individuals, residentnon-profit entities and | | | | establishedin Bulgaria and the liability to pay tax is |
| non-residents (there is an exception relating to | | | | shifted to the customer which is VATregistered in |
| dividendsdistributed in the form of additional shares or | | | | the country are: |
| increase of the nominal value of thecurrent shares). | | | | • supplies of the so called “intellectual |
| Dividends distributed by a Bulgarian resident company | | | | services” under Article 22 (3) of the VAT |
| to a tax resident entity in a | | | | Act (e.g. supply of licences, patents, know-how, |
| EU Member state shall not be subject to Bulgarian | | | | intellectual property rights,advertising services, |
| withholding tax, under certainconditions. | | | | consultancy services, provision and processing |
| Profits distributed by a Bulgarian branch to its parent | | | | ofinformation, etc.)12; |
| company abroad shall notbe subject to Bulgarian | | | | • supply of intra-Community transport of goods, |
| withholding taxation. | | | | as well as services, related tointra-Community |
| Generally, dividends distributed to resident companies | | | | transport of goods by a supplier established in |
| are not considered astaxable income (except for | | | | another EU |
| dividends distributed by special purpose | | | | Member State; |
| investmentcompanies). | | | | • in case of a triangular transaction where the |
| Withholding taxes – non-residents | | | | third party (acquirer) isr egistered for VAT purposes |
| Taxable income | | | | in Bulgaria and the conditions regardingt riangular |
| • dividends and liquidation quotas (please also see | | | | transactions are met; |
| section Taxation onc orporate profits); | | | | • supplies of goods with assembly/ installation, |
| • interest, royalties, franchising and factoring; | | | | provided by an EU residentsupplier without a fixed |
| • technical and management services fees; | | | | establishment in Bulgaria; |
| • income from usage of movable and immovable | | | | • supplies of natural gas or of electricity. |
| property; | | | | Triangular transactions |
| • capital gains from transfer of local real estates; | | | | Triangular transaction is defined as a supply of goods |
| • capital gains from transfer of financial assets | | | | between three personsr egistered for VAT purposes |
| issued by the State, am unicipality or a local | | | | in three different EU Member States A, B and |
| company7. | | | | C,where the following conditions are simultaneously |
| Withholding tax rate | | | | met: |
| 10% on the taxable income (7% on dividends and | | | | • a registered person in Member State A |
| liquidation quotas, andexemption in certain cases). The | | | | (transferor) supplies goods to aperson registered for |
| withholding tax rate may be reduced under | | | | VAT purposes in Member State B (intermediary) |
| anapplicable double tax treaty. | | | | whosubsequently supplies these goods to a person |
| Dividends distributed by a Bulgarian resident company | | | | registered for VAT purposesin Member State C |
| to an entity – tax residentin a EU Member state | | | | (acquirer); |
| shall not be subject to Bulgarian withholding tax, | | | | Value added tax (VAT) |
| underc ertain conditions (including holding of more | | | | • the goods are transported directly from A to C; |
| than 15% of the shares in the | | | | • the intermediary is not registered for VAT |
| B ulgarian companies for at least 2 years). | | | | purposes in Member States Aand C; |
| Payment | | | | • the acquirer charges VAT as a recipient of the |
| When the payer is a Bulgarian resident entity or a | | | | supply. |
| sole trader or a permanentestablishment of a | | | | The intermediary in the transaction is released from |
| non-resident, the tax should be remitted to the | | | | the obligation to registerfor VAT purposes in the EU |
| budget withinthree months after the month of | | | | Member State of the acquirer and is not requiredto |
| accrual of the income by the payer (or the monthof | | | | charge VAT as the liability to charge VAT is shifted |
| the decision for distribution of dividends and liquidation | | | | to the acquirer. |
| quotas). | | | | VAT registration |
| If the payer is neither of the above, as well as in | | | | The mandatory VAT registration threshold is BGN |
| case of capital gains from transferof local real | | | | 50,000 of taxable suppliesc arried out in the last 12 |
| estates and financial assets, the tax should be paid | | | | months. There are no rules on group VAT |
| by the beneficiarywithin three months after the | | | | registration. |
| month of receiving the income8. | | | | The threshold for registration based on |
| Withholding taxes – non-residents | | | | intra-community acquisitions is BGN |
| Application of double tax treaties | | | | 20,000 in a calendar year. |
| A non-resident may benefit from a double tax treaty | | | | The registration threshold for distance sales is BGN |
| relief provided that ana dvance clearance certificate is | | | | 70,000 for distance saleswith place of supply in |
| obtained from the Bulgarian tax authoritiesf ollowing a | | | | Bulgaria carried out during the current calendar yearor |
| specific procedure. | | | | in the preceding calendar year. A taxable person |
| Bulgaria has more than 60 double tax treaties in | | | | performing distance salesof goods may choose to |
| force, including with most | | | | register before reaching the above threshold. |
| E uropean countries, which generally follow the OECD | | | | Persons established in other EU Member States and |
| Model. The Double Tax | | | | supplying goods witha ssembly/installation in Bulgaria |
| Treaty with the USA is signed and is expected to | | | | to customers non-registered for VAT purposesin the |
| enter into force, as of | | | | country are obliged to register irrespective of their |
| 1 January 2008. | | | | taxable turnover. |
| Taxation of expenses | | | | Each person that carries out independent economic |
| 10% one-off tax is due on: | | | | activity can apply forv oluntary VAT registration |
| • “social” expenses provided in kind to | | | | before an obligation for registration on the |
| the employees (e.g. fringe b enefitsp rovided to | | | | abovegrounds arises (i.e. irrespective of thresholds). |
| employees), except for food vouchers up to BGN 40 | | | | However, a voluntarily |
| pere mployee monthly and voluntary insurance | | | | VAT-r egistered person may not deregister earlier |
| contributions (pension, health,unemployment and/or | | | | than 24 months startingfrom the year following the |
| professional qualification, life insurance and lifei | | | | year in which the VAT registration has taken place. |
| nsurance related to an investment fund) up to BGN | | | | Fiscal representation |
| 60 per employeemonthly; | | | | The appointment of a local fiscal representative is |
| • representative and entertainment expenses; | | | | mandatory for foreign persons |
| • some expenses related to use of vehicles for | | | | (including EU residents), except for those having a |
| management purposes. | | | | local branch. |
| Generally, the above expenses and the tax on them | | | | Value added tax (VAT) |
| are tax deductible for thecompanies. | | | | VAT returns and payments of VAT |
| Corporate tax incentives | | | | VAT is due monthly, by the 14th day of the |
| Reduction of the corporate income tax | | | | following month. As of 2007 no a nnual |
| The corporate income tax due may be reduced: | | | | VAT return shall be filed. Corrections of the VAT |
| • by 10% of certain acquired fixed assets | | | | recovery coefficientfor a r espective year are made |
| (applicable for companies operatingwithin regions of | | | | in the VAT return for December. |
| high unemployment); | | | | VIES declarations are due (by the 14th day of the |
| • with the mandatory social security contributions | | | | following month) only in casesof effected |
| paid by the employer withregard to the hired new | | | | intra-community supplies of goods and/or supplies of |
| employees within regions of high unemployment; | | | | certain servicesduring the respective month. |
| • by 60% - applicable for agricultural production | | | | Input VAT recovery |
| entities; | | | | VAT can be claimed in VAT returns and is |
| • by 50% - applicable for social security and health | | | | recoverable within: |
| insurance fundsestablished by law, state schools and | | | | • 30 days for persons who have effected zero |
| universities; | | | | rated supplies within the last |
| • in other cases. | | | | 12 months exceeding 30% of the total value of all |
| Full granting back of the corporate income tax | | | | taxable supplies theyhave made in the same period, |
| The corporate income tax due is fully granted back | | | | as well as by large investors that meetcertain |
| for investments andproduction activities in high | | | | conditions; |
| unemployment regions, and in other specific | | | | • 3 months (for offsets) and 45 days (for |
| casesdetermined by law. | | | | effective refund) – in all other cases. |
| Restrictions for application of the incentives | | | | VAT refund to non-resident businesses |
| The application of the incentives listed above may be | | | | Foreign entities with no legal presence in Bulgaria are |
| subject to additionalconditions, including state aid | | | | entitled to VAT refund |
| admissibility restrictions. | | | | (according to Ordinances ? H-10 and ? H-11 of 24 |
| Specific corporate income tax regimes | | | | August 2006). The scopeof goods and/or services on |
| Scope | | | | which VAT is refundable has been |
| Applicable for: | | | | considerablyextended compared to the former rules. |
| • special purpose investment companies; | | | | VAT incentive for large projects |
| • collective investment schemes; | | | | Investors authorised to apply the VAT incentive for |
| • licensed investment companies; | | | | big investment projects canaccount for VAT upon |
| • persons engaged in marine commercial shipping; | | | | importation in the monthly VAT return (without |
| • gambling businesses; | | | | effectivepayment of VAT). |
| • and some others. | | | | Intrastat |
| Exemption from corporate income tax | | | | An Act for the statistics of the intra-community |
| Special purpose investment companies, licensed | | | | trade in goods entered into forceon 1 September |
| investment companiesof c lo s e-en d type and | | | | 2006. |
| collective investment schemes, authorised for publico | | | | New administrative requirements related to periodic |
| ffering in Bulgaria, are not subject to corporate | | | | filing of the so-called Intrastatreturns were |
| income tax. | | | | introduced. The physical movement of goods as a |
| There are also some other exemptions determined | | | | result of thes o-called “dispatches” and |
| by law. | | | | “arrivals” should be reported for Intrastat p |
| Personal income taxation | | | | urposes |
| Rate | | | | (i.e. movements and supplies of goods from/to the |
| The maximum marginal tax rate is 24%, applicable to | | | | territory of Bulgaria,r espectively to/from EU Member |
| annual taxable incomeexceeding BGN 7,200. | | | | States). |
| Scope | | | | The filing of Intrastat returns is obligatory only for |
| Generally, taxable income includes received monetary | | | | persons that are VAT registeredin Bulgaria and |
| income, “social expenses”provided in cash | | | | exceed the reporting thresholds for arrivals and |
| and benefits in-kind. | | | | dispatches. |
| Bulgarian tax residents are taxed on their worldwide | | | | The filing deadline is the 10th day of the month |
| income, while non-residentsare taxed on their | | | | following the month in which thearrivals or dispatches |
| Bulgarian source income only. | | | | occur. The only exception is when the threshold is |
| Tax residency | | | | exceededduring the current year. In this case the |
| In general, tax residency is determined on the basis | | | | deadline is 20th of the month following thefirst period |
| of permanent domicile, morethan 183-day stay in | | | | for which an Intrastat return is due. |
| Bulgaria in any 365-day period and centre of vital | | | | The thresholds for 2007 are BGN 100,000 for arrivals |
| interest in | | | | and BGN 150,000 ford ispatches per annum. |
| Bulgaria. The centre of vital interest is determined | | | | The thresholds are reviewed annually. |
| with regard to the individual’spersonal and | | | | Excise duties |
| economic ties to Bulgaria and a number of factors | | | | Scope |
| are c onsideredin this respect, such as the family, | | | | Excise duties are applicable to certain products listed |
| possession of property, the place wherethe i ndividual | | | | in the Excise Duties and Tax |
| performs his employment, professional or economic | | | | Warehouses Act (e.g. beer and spirits, tobacco |
| activity etc. | | | | products, petrol and diesel fuel,heavy oil, coffee, |
| H owever, if the individual has a permanent address | | | | certain types of cars, and electricity). |
| in Bulgaria, but his centreof vital interest is outside | | | | Rate |
| Bulgaria, he may not be considered a Bulgarian | | | | Excise duties are charged as a flat amount in BGN |
| taxresident. | | | | per unit or as combination offlat rate and ad valorem |
| Relief | | | | component. |
| Certain types of income are tax exempt, including | | | | Tax warehouses and deferred payment of excise |
| incomes from specifico perations on the capital | | | | duties |
| market, incomes from transfer of real estate | | | | The productions of some excise goods (tobacco |
| undercertain conditions, interest gained on deposits in | | | | products, alcohol and energyproducts, with small |
| local banks and branch officesof foreign banks, | | | | exceptions) should be carried out only in tax |
| profits from gambling, payments received under the | | | | warehouses. |
| mandatorysocial security system, some benefits | | | | Excise goods may be imported, processed and |
| in-kind which are taxed at employer level,and others. | | | | stored in tax warehouses,as well as transported, |
| Personal income taxation | | | | under a deferred payment regime. |
| Some deductions apply to different types of income, | | | | Customs duties |
| e.g. mandatory nationalinsurance contributions made | | | | As from 1 January 2007, Bulgaria is applying the EU |
| at the expense of individuals, statutory deductionsat | | | | customs legislation directly. |
| certain rates (e.g. for free lancers, for rental income), | | | | The applicable rates are percentages of the customs |
| and others. | | | | value (the transaction valueincreased by certain |
| Some minor child allowances are deductible from the | | | | costs). Reduced rates apply on imports of goods |
| annual taxable base | | | | fromc ountries to which EU gives preferential tariff |
| (BGN 420 for one child, BGN 840 for two children, | | | | treatment. |
| BGN 1,260 for three or morec hildren). | | | | Goods can be imported into Bulgaria under customs |
| Donations to the Child Healthcare Fund are deductible | | | | regimes with an economicimpact (e.g. bonded |
| up to 50% of the taxableincome less other allowable | | | | warehouses, inward processing, processing under |
| deductions and mandatory payments. Donationsr | | | | customscontrol). |
| elated to culture are deductible up to 15% of the | | | | Procedures for post-clearance control aimed at |
| yearly income. Donations toother specific groups of | | | | facilitating the application ofsimplified customs |
| individuals and entities/charities are deductible up to | | | | procedures remain in place. |
| 5%of the taxable income less other allowable | | | | Environmental fees |
| deductions and mandatory payments. | | | | Product fees on the waste from packaging |
| Certain taxes levied abroad, may be credited in | | | | Companies releasing on the market packed goods |
| Bulgaria. There may be also relieffor certain types of | | | | are obliged to utilise or burnin waste-to-energy plants |
| income under existing double tax treaties. | | | | at least 38% of the weight of packaging waste. |
| Patent taxation | | | | Theminimum part will gradually reach 60% by 2014. |
| Lump-sum taxation is applicable to certain small | | | | Certain quantities of the waste from packaging |
| businesses run by individuals | | | | should be recycled (the q uantitiesare based on the |
| (with annual income below BGN 50,000). | | | | type of packaging material). If the above |
| One-off taxes | | | | requirements are notmet, product fees based on the |
| 7% one-off tax is due on: | | | | type of material and the weight of packagingshould |
| • dividends and liquidation quotas paid to a | | | | be paid. |
| resident and non-residenti ndividual from a Bulgarian | | | | The Companies may fulfil their waste management |
| resident company. | | | | obligations by participatingin organisations for |
| • dividends and liquidation quotas paid to a | | | | collective waste management. |
| Bulgarian resident froma n on-resident company. | | | | Waste from electrical and electronic equipment |
| • incomes from voluntary Life insurance schemes | | | | (WEEE) |
| received after thet ermination of the Life insurance | | | | Ordinance for the requirements for release for |
| policy that has been contracted for 15 yearsor more. | | | | circulation of electrical ande lectronic equipment (EEE), |
| Personal income taxation | | | | treatment and transportation of waste EEE |
| 10% one-off tax is due on incomes receivable by | | | | (WEEE)implements EC Directive 2002/96/EC (also |
| non-Bulgarian tax residentsfrom: | | | | known as “The WEEE Directive”)in the |
| • management fees and fees for technical | | | | Bulgarian legislation. |
| services; | | | | The Ordinance prohibits the release for circulation of |
| • interest, royalties, franchising, factoring, | | | | EEE not meeting the explicitrequirements for |
| scholarships; | | | | contents of harmful substances. Producers and |
| • rentals and disposal of real estate; | | | | importers of |
| • incomes from disposal of shares, bonds and | | | | EEE are obliged to reach certain targets for separate |
| other financial instruments. | | | | collection, recycling, reuseand disposal of WEEE. This |
| There are some exemptions from the above final | | | | obligation could be fulfilled individually or throughc |
| tax for EU/EEA residents. | | | | ollective schemes. In case the producers and |
| 15% one-off tax is due on: | | | | importers fail to meet the targetsthey will be obliged |
| • incomes from early redemption of voluntary | | | | to pay product fees, calculated on the basis of the |
| Life, health and private pensioninsurance schemes. | | | | weightand the type of the EEE released for |
| Personal income tax returns | | | | circulation by them. |
| Submitted annually, by 30 April of the following year | | | | Local taxes and fees |
| (the tax year is the calendaryear). A 5% reduction of | | | | Real estate tax |
| the outstanding tax is applicable when the return is | | | | 0.15% on the tax value of the real estate annually. |
| filedbefore 10 February of the following year or is | | | | Transfer tax |
| submitted electronically by 30 Aprilof the following | | | | 2% on the value of the transferred real estate or |
| year. | | | | motor vehicles (subject tocertain exemptions, e.g. |
| Individuals who have received only employment | | | | contributions in kind and acquisitions under the Lawon |
| income from Bulgarian employersor income subject to | | | | p rivatisation and Post-privatisation control). |
| one-off taxation are not obliged to submit annual tax | | | | Vehicle tax |
| returns. | | | | Depends on the type of vehicle (e.g. passenger car, |
| Payment | | | | bus, cargo truck, constructionvehicle, ship, aircraft). |
| The final payment of tax is due within the terms for | | | | The vehicle should be registered in Bulgaria. For |
| submission of the tax return,i.e. 10 February or 30 | | | | example,the tax is BGN 112 annually for a passenger |
| April of the following year. | | | | car not older than 5 years with enginepower of 100 |
| Certain advance payments are due during the year | | | | h.p. |
| depending on the type ofthe income and the status | | | | Donation tax |
| of the payer (e.g. on rental income, on | | | | 5% of the value of the donation or on a written-off |
| managementincome, service fees). | | | | liability (lower rates area pplicable for donations to |
| Social security and health insurance | | | | relatives; donations made to relatives of direct lineand |
| Contribution to the social security funds | | | | to a spouse, as well as common presents are |
| Generally, 36.4%9 in aggregate – for the | | | | exempt). |
| employer and the employee. Thisincludes: | | | | Inheritance tax |
| • 18% – Pensions Fund | | | | The tax is levied on property exceeding BGN 250 |
| • 5% – Additional Universal Pensions Fund10 | | | | thousand (EUR 128 thousand)and amounts to 0.7% |
| • 3.5% – General Illness and Maternity Fund | | | | for property inherited by brothers, sisters and their |
| • 3% – Unemployment Fund | | | | children,and 5% – for other heirs. Property |
| • 0.5% – Guarantee Fund for Employees’ | | | | inherited by a spouse or heirs of direct line isexempt. |
| Receivables | | | | Local fees |
| • 0.4% – Occupational Accident and | | | | The fees for certain municipal services (e.g. garbage |
| Professional Disease Fund | | | | collection) are determinedseparately by each |
| • 6% – Health Insurance Fund | | | | municipality and may vary. |