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When are property taxes due in Bulgaria?
2023-04-13
In Bulgaria, property taxes are due annually and must be paid by the end of April each year. The specific due date may vary slightly from year to year, but it is typically around April 30th.

Property owners in Bulgaria should receive a tax assessment notice from their municipality indicating the amount of property tax they owe and the due date. It is important to pay property taxes on time to avoid penalties and interest charges.

The penalty for late payment of property taxes in Bulgaria is generally calculated as 0.05% per day of the amount owed. So, if the property tax owed on a house in Bulgaria is under 20,000 Euros and the payment is 10 days late, the penalty would be calculated as follows:

20,000 Euros x 0.05% = 10 Euros per day 10 Euros x 10 days = 100 Euros

Therefore, in this scenario, the penalty for a 10-day late payment on a house with property taxes under 20,000 Euros would be 100 Euros. However, it's important to note that the penalty may vary depending on the specific circumstances and the policies of the relevant municipality. It's always best to check with the relevant authorities for accurate and up-to-date information.

It is possible to pay Bulgarian property taxes even if you do not live in the country. Property taxes in Bulgaria can be paid through a bank transfer, which means that you can make the payment from anywhere in the world as long as you have access to a bank account.

To pay Bulgarian property taxes from abroad, you will need to obtain the necessary information from the relevant municipality, such as the tax assessment notice and the bank account details for the tax office. You may also need to provide additional documentation, such as proof of ownership of the property, to ensure that the payment is properly credited to your account.

Alternatively, you can authorize someone to pay the property taxes on your behalf in Bulgaria. This can be a trusted friend or family member who lives in the country, or you can hire a professional property management company to handle the payment for you. Just be sure to provide clear instructions and documentation to ensure that the payment is made correctly and on time.

If you would like Blackseavillas to assist you with paying your annual property taxes, please get in touch with us. 

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