Every foreign person, who has acquired a real estate in Bulgaria, must be familiar with the obligation to pay an annual property tax due to the ownership of the real estate.

After signing of the notary deed for ownership the new owner is obliged to submit in the local Municipality a declaration for acquiring of the real estate. With the declaration the new owner is presenting also a copy of the Notary deed for ownership. Due to the stage of the respective real estate (if it is a new property, if there are any additional conditions, if it is in the center or in suburbs, etc. ) the local Municipality is determining the amount of the annual tax.

The document –invitation for paying of the tax is sent from the Municipality directly to the address of the property in Bulgaria or in another address in Bulgaria pointed by the owner. If there is nobody living on the address, then the owner could contact directly the local Municipality and to be informed about the exact amount of the annual tax fee. In most of the cases the invitations for paying the taxes are coming to the address of the owner in March or in April every year, and if the owner does not pay the tax until the end of the calendar year, an interest is charged for every deal delay after the calendar year expires. The worst scenario is initiating an executive procedure by public bailiff should the taxes are not paid for a long time.

 

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