Bulgaria 0% Capital Gains Tax?

[inector]

Reference:

Capital gains
Realised capital gains are included in corporate income and are taxed at the full CIT rate.

Capital gains from trade in listed securities (shares, tradable rights) on regulated markets in the European Union / European Economic Area (EEA) are not subject to taxation. As of 1 January 2021, the same tax treatment is extended to transactions carried out on equivalent markets outside the European Union as specified in the legislation.

Assets distributed as dividends are deemed realised at market value, and any capital gains arising from this will be subject to tax.
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What is total tax paid from investing using Bulgarian company? Can you setup a company in a way to avoid corporate & capital gains tax?

 

[Martin Everson]

inector said:
What is total tax paid from investing using Bulgarian company?
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Investing in what? Football cards? U.S stocks? Empty beer bottles?

inector said:
Can you setup a company in a way to avoid corporate & capital gains tax?
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Yes use a tax free company as Bulgaria have GAAR that goes beyond even EU ATAD I requirements.

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[inector]

Martin Everson said:
Investing in what?
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Listed securities (shares, tradable rights) on regulated markets

After research, seems like 10% CIT will apply regardless

 

[JohnLocke]

Martin Everson said:
Yes use a tax free company as Bulgaria have GAAR that goes beyond even EU ATAD I requirements.
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Is that doable for someone not living / resident in Bulgaria ?

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Disclaimer: Nothing I say should be taken as tax, legal or financial advice. Anything I say is for general informational purposes only. Always seek independent professional advice.​

 

[Martin Everson]

JohnLocke said:
Is that doable for someone not living / resident in Bulgaria ?
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Yes

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Please note my posts should not be taken as financial or tax advice. Please seek professional advice in that respect.

 

[vehzag]

Martin Everson said:
Yes
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Can you elaborate more on that
I will have Bulgarian passport soon but residing in other EU country with higher taxes. PM please if it's possible