Bulgaria Tax Rates 2008

The income tax rate in Bulgaria, for both companies and individuals is a flat rate of 10%.
One of the lowest in Europe.

Capital gains tax rate for companies is 10%.
For individuals the rate for capital gains from sale of shares and dividend income is 5%.

Losses can be carried forward up to five years, there is no carryback.

Tax withholding for payments to non-residents is 5% for dividends and 10% for interest and royalties.

Social security rates are 20.4% for employers, 13.3% for employees.

The standard VAT rate in Bulgaria is 20%. There is a reduced VAT rate of 7%.

Other taxes include, inter alia, transfer tax and inheritance tax.

(source :www.worldwide-tax.com)