Bulgaria: Withholding tax on fringe benefits

Withholding tax on fringe benefits:

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GENERIC TAX NAME	Personal income tax - Withholding tax on fringe benefits
Tax name in BG	Данък в/у социалните разходи
Tax name in English	Withholding tax on fringe benefits
Tax in force since	01/01/1998
Legal base	Promulgated in issue 105 of the State Gazette of 22 December 2006 and effective as from 1 January 2007 amended and supplemented SG No. 110/21.12.2007 and effective as from 1 January 2008.
Type of tax	DIRECT TAXES Personal income tax Corporate income tax Other
	INDIRECT TAXES VAT Excise duty Other
	SOCIAL SECURITY CONTRIBUTION

Who Sets
the tax rate	the tax base	Reliefs
Central authority Regional authority Local authority Social security	Central authority Regional authority Local authority Social security	Central authority Regional authority Local authority Social security

Region of application

Republic of Bulgaria.

Taxpayer

All employers.

Tax object

Any expenses on fringe benefits, which have been incurred by any employer.

Basis of assessment

The fringe benefits made by the employer to employee.

Tax due date

The payers of final taxes withheld at source under CITA shall be obligated to charge the taxes due and to remit the said taxes to the budget on or before the 15th day of the month next succeeding the month of the charge.

Deductions - allowances - tax credits - exemptions

Tax collector

The tax due shall be credited to the territorial directorate of the National Revenue Agency at the place of registration.

Tax revenue

Bulgaria - Personal income tax - Withholding tax on fringe benefits

This file was last updated on 2008/08/14.