Wednesday , May 5 2021

The tax for second home in more than 140 settlements is raised at least twice – News from Bulgaria

Owners of second homes in sea and mountain settlements or balneocurtors will be unpleasantly surprised at a higher tax next year. MEPs voted higher rates for more than 140 settlements included in the list of resorts. There have been for years such as Berkovitsa, Kyustendil and Velingrad. Inheritance tax in these cities, which is not used as the main home, will rise more than double, says amendments to the Local Taxes and Fees Act, adopted by parliament last week, recalls Sega.

The list of the resorts of national importance are Strelcha, Bankya, Varshets, Kotel, Banya (Karlovo), Pavel Banya. This list includes almost all towns and villages with mineral springs, as well as mountain settlements such as Apriltsi, Elena, Etropole, Klisura, Koprivshtitsa and dozens of others. Among the climatic sea resorts of national importance are Varna – from Golden Sands to cape Galata, as well as Burgas.

The change was made with almost no debates between the first and second reading of the tax laws proposed by the NFSA. The reason is that the state must recover the debt from aparthotels by the sea and ski resorts that are rented to tourists without their owners paying a penny for the treasury.

However, it turns out that the change encompasses a much wider range of taxpayers. 42 settlements are listed in the list of resorts of national importance. In them, the municipal councils of next year will impose tax rates on all non-dwelling properties in the range of 5 to 7 bonus on the tax assessment. This is several times more than the current 0.1 to 4.5 promotions. For populated places on the list of resorts of local importance, which are about 100, a building tax will be from 4.5 to 6 promotions on the tax assessment of the property.

Local elections are next year and mayors are not expected to make drastic changes to the levies. But even a minimum rate of 5 proms will bring at least double appreciation, because now 80% of local governments apply a rate of 2 proms.

Apart from a main dwelling, the new higher rates will not apply even when the owner has registered his apartment or house as a place of accommodation within the meaning of the Tourism Act, pays corporate income tax to tourists.

The president vetoed the changes, but it was rejected by the ruling majority on Thursday.


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