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We all know that Bulgaria is a low-tax country - one of the lowest in the EU.
If you're a tax resident of Bulgaria, you can expect to pay 10% corporate, 10% personal tax, and 5% on dividend withholding. To many, this is quite appealing, and that's why they choose Bulgaria as their place of residence.
After all, it's nothing compared to high tax countries where you can expect to pay as high as 50% in taxes altogether.
But what if we told you that you can pay as low as 4% tax in Bulgaria in some cases? In most cases, there is no need to pay more than 7,5%.
Today we are sharing this little trick with you. If you live in Bulgaria, as a digital nomad or a business person this will help you pay even less tax.
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We are Offshore Citizen team. We help people become global: get a second passport, set up a second residency, pay less taxes, do banking abroad, etc.
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Author: Michael Rosmer
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16 дек 2021