The tax base in case of sale or exchange of immovable and movable property is the difference between the selling price, on the one hand, and the higher price between the factual and updated price paid for the acquisition of such property. This rule applies to certain types of vehicles (e.g. aircraft, sea vessels). For any other type of movable property the tax base is the difference between the selling price and the re - valuated price for the acquisition of such property.
Capital gains are included in corporate income and taxed at the full corporate tax rate. Exchange rate gains and losses are to be reported in the balance sheet and reflected in the assessment of taxable profit.
In Bulgaria, capital gains tax is paid by an individual on the sale of real estate or work vehicles such as planes or cars on the difference between the sale price and the higher of two calculations - the market price of the asset sold, or the cost of purchase linked to the index.
An individual who sells one moveable asset pays tax on the difference between the sale price and the cost of the asset sold on adjusting the cost to the rate of inflation.
Capital gains tax for companies in Bulgaria is added to the regular income.
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