Informes Sectoriales OP - Icex
Informes Sectoriales OP - Icex
Informes Sectoriales OP - Icex
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TOURISM AND RELATED SERVICES IN BULGARIA<br />
4.1.1.2. Structure of Labor Costs in 2004 (%)<br />
Economic activity groupings<br />
Total<br />
Wages<br />
and salaries<br />
Employers'<br />
imputed social<br />
contributions<br />
2004<br />
Employers' actual<br />
social contributions<br />
Other social<br />
expenses<br />
and benefits<br />
Taxes<br />
paid by<br />
the employer<br />
Total 100.00 69.16 1.73 24.05 4.22 0.84<br />
Agriculture, hunting, forestry and<br />
fishing<br />
100.00 72.98 1.28 24.09 1.38 0.27<br />
Mining and quarrying 100.00 60.63 2.92 27.37 7.50 1.58<br />
Manufacturing 100.00 69.64 2.13 24.12 3.42 0.69<br />
Electricity, gas and water supply 100.00 57.60 2.84 24.87 12.23 2.45<br />
Construction 100.00 71.55 1.66 24.61 1.82 0.36<br />
Trade, repair of motor vehicles and<br />
personal and household goods<br />
100.00 74.26 0.77 23.58 1.15 0.23<br />
Hotels and restaurants 100.00 72.20 1.23 24.14 2.05 0.38<br />
Transport, storage and communication<br />
100.00 59.49 2.00 21.97 13.77 2.77<br />
Financial intermediation 100.00 69.54 1.32 21.49 6.40 1.25<br />
Real estate, renting and business<br />
activities<br />
100.00 72.41 1.35 22.59 3.04 0.61<br />
Public administration; compulsory<br />
social security<br />
100.00 71.92 1.62 25.44 0.87 0.15<br />
Education 100.00 71.49 1.53 25.44 1.31 0.24<br />
Health and social work 100.00 73.76 1.25 24.18 0.68 0.13<br />
Other community, social and personal<br />
service activities<br />
Source: NSI<br />
100.00 73.53 1.08 23.60 1.49 0.30<br />
4.1.2. Taxation<br />
The Bulgarian tax regime can be classified in two main categories:<br />
Direct Taxation:<br />
♦ Corporate income tax<br />
♦ Personal income tax<br />
♦ Withholding taxes<br />
Indirect Taxation:<br />
♦ VAT<br />
♦ Excise Duties<br />
4.1.2.1. Corporate Income Tax<br />
Under the Corporate Income Tax Act (CITA) all companies and partnerships (including<br />
non-incorporated partnerships), carrying out business in the country, are liable<br />
to a corporate income tax at a rate of 15%. Bulgarian resident entities are taxed on a<br />
worldwide basis. Foreign entities are taxed on their Bulgarian-source income. Companies<br />
are considered to be tax residents if they are registered in Bulgaria. Companies<br />
that are non-residents in Bulgaria, but operate in Bulgaria through a branch,<br />
office, agency or other form of a permanent establishment are only liable to tax on<br />
the profits generated through their Bulgarian establishment.<br />
Spanish Economic and Commercial Office of the Spanish Embassy in Sofia 37
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