The real estate transactions in Bulgaria are subject to the following taxes and stamp duties:
- Real estate transfer tax – the amount of the tax for 2020 for the acquisition of properties on the territory of the Municipality of Sofia is 3,0 %с;
- Notary fees – based on progressive table, the maximum notary fee being BGN 6,000 (app. EUR 3,000) VAT exclusive;
- Real estate registration stamp duty – 0,1%.
All of the above transfer taxes and stamp duties are levied on the higher between the tax evaluation of the real estate determined by respective municipality and the purchase price.
Delchev & Partners is a prime, full service, commercial law firm with offices in Sofia and Plovdiv, Bulgaria. Our experienced team of lawyers and consultants provide quality legal and tax services in various practice areas to multinational corporations and companies, closely held foreign and local businesses, local entrepreneurs, exempt organizations and individuals, based or operating in any major Bulgarian city – Sofia, Plovdiv, Varna, Burgas, Stara Zagora etc.