Income tax on rent, worked example, in Bulgaria
| Non-resident couple´s joint monthly rental income1 | €1,500 | €6,000 | €12,000 |
| Annual Rental Income | 18,000 | 72,000 | 144,000 |
| = Taxable Income | 18,000 | 72,000 | 144,000 |
| Income Tax Rates2 | |||
| Flat Rate 10% | 1,800 | 7,200 | 14,400 |
| Annual Income Tax Due | €1,800 | €7,200 | €14,400 |
| Tax Due as % of Gross Income | 10% | 10% | 10% |
| Source: Global Property Guide research |
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Notes
1 The property is jointly owned by husband and wife.
2 Exchange rate used: 1.00 EUR = 1.96 BGN
3 Nonresident foreigners´ rental income is subject to 10% withholding tax.