Tax on real estate in Bulgaria will pay all





03.12.2010 14:11
In an effort to increase tax revenues to the state budget, the Bulgarian Government takes decisive action. The country abolished free minimum value of the property, and in the capital may increase the rate for garbage removal.

Nov. 30 members of the Bulgarian Parliament in second reading the amendments to the Act on Local Taxes and Fees, which overturned an article on non-taxable minimum value of the property.

Previously, real estate with a tax assessment to 1680 leva (about 860 Euros) inclusive are not taxed. Now, according to changes in the law, the tax would have to pay all property owners, regardless of its tax assessment.

Opposition representatives were skeptical of such innovations, holding the view that the costs for the organization of tax collection will exceed the potential benefits for the budget.

It is worth noting that the Bulgarian authorities did not first try to overcome economic difficulties by introducing amendments to tax laws. In the past year increased the maximum tax rate on property. In March this year announced the introduction of "tax on luxury", and this fall the authorities were going to introduce differentiated tax and to increase the upper limit of the tax rate, but these innovations have not come into force.

Apparently guided by these same reasons, the Deputy measure Sofia Minko Gerdjikov recently proposed to change the zoning of the capital. Such a measure would increase property tax rates for garbage collection to property owners in the neighborhoods, "Zona B-5", "Kriva River, near the Central Station, as well as in nearby towns" Boyana "," Dragalevtsi "and" Malinova Valley ".
www.zagorodna.com
Content tags: Overseas property
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