Taxes and Social Contributions for Companies in Burgas

Bulgaria offers one of the lowest tax rates in the EU, making it attractive for business. For companies in Burgas tax obligations are administered by the NRA office in Burgas Region.

Burgas is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining, with many companies benefiting from the competitive tax environment.

Burgas (approximately 210,000 residents) is a major economic centre on the Southern Black Sea coast with developed tourism and oil refining. The city has over 25,000 registered companies, making it an active business centre.

Key Industries:

• Tourism & Hospitality
• Oil Refining & Energy
• Fishing & Aquaculture
• Trade

Office Rents: Average office rents in Burgas are €4–10/sq.m., which is competitive compared to other cities in the region.

Bank Branches: DSK Bank, Postbank and UBB have branches on Aleksandrovska St., Demokratsia Blvd. and in the Meden Rudnik district.

Notary Offices: Notaries are concentrated around Aleksandrovska St., Stefan Stambolov Blvd. and the Burgas Palace of Justice.

Bulgaria's corporate income tax rate is 10% — one of the lowest in the European Union.

Social security contributions in Bulgaria are split between the employer and the employee:

• Self-insured person (EOOD manager) — approximately €150–200/month on the chosen insurable income
• Employees — around 31–33% of gross salary (split between employer and employee)

For companies in Burgas contributions are paid electronically through the NRA portal.

Key tax deadlines for companies in Burgas:

• Annual tax return — by 30 June of the following year
• Advance payments — if net revenue exceeds ~€153,000
• VAT return — by the 14th of the following month (if VAT-registered)
• Social security declarations — by the 25th of the following month
• Annual financial statements — filed with the CR by 30 June

Legal ways to optimise the tax burden for companies in Burgas:

• Deductible expenses — rent, utilities, company vehicles, business travel
• Depreciation — of fixed assets
• Voluntary pension contributions — up to 10% of the tax base
• Choosing the right insurable income — when self-insured