Bulgaria: Progressive Property Tax Plan Under Review as Cabinet Targets Multiple Home Ownership

The Bulgarian government is examining the introduction of a progressive property tax system that would differentiate between a primary residence and additional homes, with second and third properties taxed at higher rates. The proposal was outlined following a cabinet meeting with the National Association of Municipalities in Bulgaria, with Prime Minister Rumen Radev indicating that the concept is still under discussion. Under the suggested model, a person’s first home would continue to be taxed at a standard rate, while each additional property would be subject to progressively higher taxation. ...