Taxes and Social Contributions for Companies in Plovdiv

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

Plovdiv is the second-largest city in Bulgaria, with a rapidly growing IT and industrial sector, with many companies benefiting from the competitive tax environment.

Plovdiv (approximately 350,000 residents) is the second-largest city in Bulgaria, with a rapidly growing IT and industrial sector. The city has over 45,000 registered companies, making it an active business centre.

Key Industries:

• IT & Software Development
• Food & Beverage Industry
• Light Industry
• Tourism

Office Rents: Average office rents in Plovdiv are €5–12/sq.m., which is competitive compared to other cities in the region.

Bank Branches: DSK Bank, UniCredit Bulbank and Postbank have branches on Knyaz Alexander I St., Maritsa Blvd. and in the Trakia district.

Notary Offices: Notary offices are concentrated around Central Square, Rayko Daskalov St. and Shesti Septemvri Blvd..

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 Plovdiv contributions are paid electronically through the NRA portal.

Key tax deadlines for companies in Plovdiv:

• 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 Plovdiv:

• 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