10 % flat tax

A former Sovjet country is nox a tax haven for entrepreneurs in Western European countries. Bulgaria has a flat tax of 10 %, on all possible forms of income. Income from labour, rent, interest, dividends,… it is all taxed the same way, 10% on everything.

On top of that there is a Value Added Tax of 20 % on consumer goods.

And that is it!

Simple, clean, honest, and apparently it works. For the budget, the pension system, etc…

Who would have thought?

Sincerely,

Pele23

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