大咖福利影院

Hello, just wondering, is it the case that there is a tax exemption on capital gains from the sale of securities?聽 I think it relates to trading shares on EU platforms.聽 Any idea if this would also work if trading on non EU platforms (HK stock exchange for example)?

@gwynj Plovdiv as a great airport as well. Not so many flights but its great. No airport stress at all and nice staff.

@Bamboozler Yes, the capital gains from transactions with shares listed on regulated EU/EEA markets are exempt from capital gains for individuals. In addition, capital gains from transactions with shares listed on markets considered as equivalent according to directive 2014/65/EU such as NYSE/NASDAQ/CBOE in the US are exempt for companies. Please note that CFDs or ETFs don't fall under this category.

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@euronomad

Here's PwC on Bulgarian tax:

"Exempt income

Some types of non-taxable income are listed below, subject to specific conditions and requirements set in the law:

• Capital gains realised by Bulgarian tax residents and residents of EU/EEA member states on disposal of one residential real estate property per year if it was in the possession of the individual for more than three years and up to two other real estate properties if they were in the possession of the individual for more than five years.
• Capital gains from transactions with securities of public companies on the Bulgarian Stock Exchange or on a regulated securities market in EU/EEA countries."

@euronomad thanks for this. So holding stocks on HKSE would not qualify in this case I guess?

@gwynj thanks for sharing.聽 I'll look into this further.

@Bamboozler HKSE is considered equivalent under Mifid II (as well as the major US and Australian markets) AFAIK but only for corporate income. That means you would have to do your trading either via a company or as a registered sole trader (with additional setup, accounting and social security contribution costs). I guess the law has to be amended for individual income as well in the future in order to be compliant with EU regulations. However, finding a knowledgeable accountant here in Bulgaria is another challenge. I have tried to find one without success so far. All my meetings ended up with me explaining them the Bulgarian tax law since this is a relatively new law amendment and they are not familiar with it. The problem is that if they don't know how to fill out the declaration properly your profits won't be excluded and you will end up paying the 10 or 15% without being able to hold them liable. Maybe the best solution is to hire a tax lawyer in addition and let him check the declaration before submitting it.

@ikbenrijkaangoud

Well spotted. It's small, but it has several low-cost options from Ryanair and WIzzair.

Hi @euronomad,

I day trade US stocks, ETFs and futures on major US exchanges. I'm thinking of relocating to BG. So I am an individual trader trading for a living. Is my total tax on these short term trades 10% ?聽 or is there an additional social security cost on top?聽 I'm obviously trying to min my tax cost, but want to remain legal. Also, do I have to report every transaction, or is monthly statement of net proceeds enough to calculate the tax. Also, are commissions to by and sell counted as cost of the trade for these day trades? are any other cost like computer, internet connection treated as an expense?聽 and finally what form would I do and can you suggest an accountant that prepare and file (would need to speak english, as I don't speak Bulgarian). thank you in advance...

Hi guys, did you figure out what the exact law is here? I am trading US options and stocks on Interactive Brokers and was wondering if it can be as well tax exempt.

Thank you,

you may find this link useful.

There is a possibility under the Bulgarian tax rules that you would not pay tax if your trading was set up in a pension investment bond, if such a thing is possible.