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Taxes in Bulgaria are collected on both state and local levels. The most important taxes are collected on state level, these taxes include income tax, social security, corporate taxes and value added tax. On the local level, property taxes as well as various fees are collected. All income earned in Bulgaria is taxed on a flat rate of 10%. [1]
Varna Municipality (Bulgarian: Община Варна) is a seaside municipality in Varna Province, Northeastern Bulgaria, located on the Bulgarian Black Sea Coast and near Varna lake. It is named after its administrative centre - the city of Varna - which is also the capital of the homonymous province.
Bulgaria has some of the lowest corporate income tax rates in the EU at a flat 10% rate. [220] The tax system is two-tier. Value added tax, excise duties, corporate and personal income tax are national, whereas real estate, inheritance, and vehicle taxes are levied by local authorities. [221]
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Varna (Bulgarian: Варна, pronounced) is the third-largest city in Bulgaria and the largest city and seaside resort on the Bulgarian Black Sea Coast and in the Northern Bulgaria region. Situated strategically in the Gulf of Varna , the city has been a major economic, social and cultural centre for almost three millennia.
Property taxes dedicated for school funding were capped at $15 per $1,000 of real market value per year and gradually lowered to $5 per $1,000 per year. Property taxes for other purposes were capped at $10 per $1,000 per year. Thus, the total property tax rate would be 1.5% at the end of the five-year phase in period. [2]
Lake Shabla: 0.8: 4 Lake Varna: 17: 19 Swamps, marshes and other lakes Aldomirovtsi Marsh: 1.29: Alepu: 1.67: Arkutino: Dragoman Marsh: 4: Lake Rabisha: 15 Smolyan lakes (8 lakes) 4,5 Srebarna: 2: 3 Ustren lake: 0.15: Glacial lakes (in Pirin) Banderishki Lakes (17 lakes) 0.13: 12 Bashliiski Lakes (4 lakes) 0.02: 3 Breznishki Lakes (3 lakes) 0. ...
Bulgaria has attracted considerable investment from foreigners buying property either for their own use or for investment. In 2006, more than 29% of property deals were signed by foreigners, more than half of whom were British citizens. [92] Various companies, such as Bulgarian Dreams, actively marketed Bulgarian properties to buyers overseas.