Bulgaria to Double Property Tax Assessments by 2029
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Bulgaria to Double Property Tax Assessments by 2029
Bulgaria's government has approved a plan to incrementally raise the tax base for real estate, a decision adopted by the Council of Ministers on November 4. The increase will be phased in over three years: tax assessments will rise by 30% on January 1, 2027, followed by two additional 35% increases in 2028 and 2029. Over this period, the taxable value of properties will double compared to current levels. Amendments to the Local Taxes and Dues La…
The government has approved a phased increase in property tax assessments. Starting January 1, 2027, they will increase by 30 percent, and in 2028 and 2029 ...
In 2028 and 2029, the change will be 35% each.
The update of real estate tax assessments in three consecutive years is provided for by changes to the Law on Local Taxes and Fees, approved by the government. In 2027, the update will be by 30 percent, and in 2028 and 2029 - by 35 percent each. Buildings, land, improvements and agricultural land will be covered. A month ago […]
The updating of real estate tax assessments in three consecutive years is provided for by amendments to the Law on Local Taxes and Fees (LTTF), which were adopted by the Council of Ministers today.
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