What tax must the seller pay when selling property in Bulgaria

A very relevant question. What all the same tax must be paid by the Seller by selling his property in Bulgaria. It does not matter what type of property was sold - an apartment, house, land or commercial property.

The tax rate in Bulgaria on the sale of real estate is 10%, BUT is paid only directly from the profit. If there is no profit, no tax is paid.

1. Owners who sell one piece of real estate per year, but on condition that they have owned it for at least three years, are exempt from paying income tax.
2. Owners who sell two objects a year are exempted from paying income tax, but on condition that they have owned them for at least five years.
3. Owners are exempted from paying tax on profits, who sell the property they received in ownership by will or by inheritance.

Owners who own real estate through a Gift Agreement, selling a property at a profit, are not exempt from paying tax if they have owned it for less than three years.

It doesn't matter if you are a citizen of Bulgaria, Russia, Ukraine, Kazakhstan, Poland, Romania, Czech Republic or any other country. Income tax is paid equally by everyone. When selling real estate, tax is levied on income received during the tax (calendar) year. 10% (on expenses) is deducted from the profit of the real estate sold, and the rest of the profit is taxed at 10%.

Here are some examples:
1. You bought an apartment for 50,000 euros, after a year or two, you sold the apartment for 55,000 euros. The profit is 5000 euros. The amount of 10% or 500 euros for expenses is deducted from the profit, and the remaining part of the profit in the amount of 4500 euros is taxed at 10%. It is from this amount of 4500 euros that a 10% tax is paid, which is 450 euros. This profit is taxable as the ownership of the property was less than 3 years old.
2. You bought an apartment for 50,000 euros, after three years and one day, you sold an apartment for 55,000 euros, the profit is 5,000 euros. But you do not pay income tax, so you have owned real estate for more than three years.
3. You bought an apartment for 50,000 euros, after a year, two, three, you sold the apartment for the same price of 50,000 euros. There is no profit. The tax is not paid. In this case, there are no restrictions on the duration of ownership of real estate. Without profit, it is possible to sell several objects a year.

In Bulgaria, income tax is paid at the location of the property, at the office of the Territorial Directorate of the National Revenue Agency (TD NAP).
The tax return can be filed in person or online on the website of the National Revenue Agency: www.nap.bg
The tax return must be filed by April 30 of the year following the year of sale.