Bulgaria Insurance Premium Tax

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Bulgaria IPT

Below is a brief guide to the Bulgarian IPT regime.

Basis of Bulgarian IPT Calculation

The basis for the IPT calculation is the total amount of the premium payable by the insured, which includes commission and collection charges. The tax should be shown in addition to the premium.

Bulgarian IPT Liability

The insurer is liable for the tax calculation and payment. EEA insurers operating on the Freedom of Services basis are not required to appoint a local fiscal representative.

Bulgaria IPT Rates

Most of Insurance premiums are taxed at the default rate of 2%. There are currently no other IPT rates applicable.

Marine, aviation and reinsurance premiums should be exempt from Bulgarian IPT.

Bulgarian Parafiscal Charges

There are currently no parafiscal charges applicable in addition to Bulgarian IPT.

Settlement of Bulgarian IPT and Parafiscal Charges

Bulgarian IPT is payable on a quarterly basis on the 30th day following the reporting period.

Find out more about IPT.