Corporate Profit Tax
Corporate profit tax rate
10% on restated taxable profit.
Companies and partnerships established under Bulgarian law.
Places of conducting business in Bulgaria of non-resident entities.
Financial result adjusted for tax purposes.
IFRS or local Bulgarian GAAP (for small and medium-sized enterprises till end of 2010).
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.
The tax (fiscal) year is the calendar year with no availability to opt for different reporting and accounting dates.
For more information on Bulgarian Taxes visit our Downloads page where you will find our Quick Reference Guide on Bulgarian Tax Framework.
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