Declaration in Bulgaria of a dividend from abroad

Declaration in Bulgaria of a dividend from abroad

 

Question:
Hello!

I would like to know whether the agreement between Estonia and Bulgaria for the avoidance of double taxation is applicable to the distribution of dividends by a company in Estonia, which is owned by a Bulgarian citizen with permanent residence in Bulgaria? In Estonia, a tax of 14% is due on the distribution of the dividend. Is it necessary to pay tax in Bulgaria on the amount already taxed there?

Thanks in advance!

tax dividend, DTT, GDD, accounting services, Varna, Ruse, Plovdiv, Burgas, Sofia

 

Answer:

Hello,

The received income from dividend is subject to declaration with an annual tax return in Bulgaria, as in the respective appendix the received income and the withheld dividend tax are declared. If the withheld tax is lower than the one that would be due in Bulgaria, the difference for additional payment is due. In your specific case, the withheld dividend tax is higher than it would be due in Bulgaria and, accordingly, no additional dividend tax is due in Bulgaria. But we emphasize again that these circumstances must be declared in the person's annual tax return.

We hope we have been helpful to you.

Greetings!




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