Taxes
 1. All foreign citizens, who acquire property in Bulgaria after 11.08.2005 need to apply for a BULSTAT number (something like a taxpayer ID number) WITHIN 7 DAYS of registering the title deed(s). 2. For this purpose, a Power of Attorney will be mandatory. We can arrange these at the time of completion. However, there will be additional fees associated with the BULSTAT registration. The above change in the law was published in the Bulgarian State Gazette No. 39 of 10.05.2005 and became effective on 11.08.2005. Other taxes and expenses: 2% (of the taxable base) property transfer fee is due to the Bulgarian tax authorities 0,1% (of the taxable base) local court fee for registering the notary act notary fee, approximately 1% of the property price (proportional to the taxable base) according to the chart of the Notary's Fee Tariffs. More information about the property taxes in available in the Legal Advice Taxes section. |
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