Of Sofia, In Sofia Centre, Str Lege Office For Rent, City - Property

Office For rent, city of Sofia, in Sofia centre, Str Lege


A limited company must file an annual report by the 31 March. All other real estate transactions are subject to VAT at the uniform rate of 20% (will be changed after Nulgaria joins to EU). An office de-luxe in Sofia's top centre. However, you still must submit company accounts to the Companies' House Register in Bulgaria every year to satisfy the authorities that the company was not trading. If you are investing in Bulgaria, as a non-resident property owner, you can be liable for the following taxes: Property Purchase TaxThe purchased property will be subject to a notary and a municipal tax. If you incorporated a limited company to purchase a house or land, then there will be no tax liability, as the company was not trading. If you own a company in Bulgaria, note that in January 2005 the rate of income tax for a corporation in Bulgaria was reduced from 19.5% to 15%. In addition to this tax, owners also pay a waste-collection tax. In addition, 2% of the market value of the property is paid as a municipal tax. Only Bulgarian-resident individuals and entities can acquire title to land, while non-residents may acquire only buildings and limited rights (e.g., leasehold and construction rights) to land. Rates vary and are typically less than 1%. The amount of tax payable is usually about GBP30 per year for rural property and about GBP100 per year for apartments in city centers.Tax On Rental IncomeThis is subject to a 15% withholding tax after deducting allowable expenses such as mortgage interest etc. The building is fully renovated; it is an architectural monument. The buyer/lessee is entitled to a VAT refund, provided it is registered for VAT purposes.Corporation TaxAs some property interests in Bulgaria cannot be held directly by foreigners, buying through a local Bulgarian company is recommended. The current annual tax rate for a house is 0.15% of the tax evaluation ( the value of the property as estimated by the state body) of the property. The notary tax is paid on the higher of the market price or the book value of the property. The rate depends on the location and size of the dwelling. The tax year in Bulgaria ends on the 31 December. There are central air-conditioning, heat insulation, suspended ceilings, security alarm system, ISDN, ADSL Internet, fire alarm, fire-extinguishing system. This exquisite building has a completely renovated distinguished outlook. This money goes to the municipality in which the property is situated. You pay these taxes after you have signed the notary deed.Annual Property TaxAll property owners in Bulgaria pay an annual property tax.