Corporate profit tax rate
Corporate Profit Tax Rate: 10% on restated taxable profit.
Liable entities: Companies and partnerships established under Bulgarian law.
Places of conducting business in Bulgaria of non-resident entities.
Taxable Profit: Financial result adjusted for tax purposes.
Accounting Standards: IFRS and IAS.
Tax adjustments: Adjustments are made for non-business related costs or expenses that are not duly documented. Interest paid is restricted under standard thin capitalization rules. Expenses for impairment of assets; dividends received from local or EU based companies are also adjusted for.
Tax depreciation rules: Maximum annual tax depreciation rates between 4% and 50%, depending on the type of asset.
Fiscal year: The tax (fiscal) year is the calendar year with no availability to opt for different reporting and accounting dates.
For additional information on Bulgarian Taxes visit our Briefs page with a Quick Reference Guide on Bulgarian Tax Framework.
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