not to pay taxes on my pension

Last activity 14 December 2015 by francese60

1564 Views

4 replies

Post new topic

WOOPAMember20 November 2015 07:14:10

Hi i am moving to bulgaria and i would like to know in order not to pay taxes on my pension there do i have to transfert all my money to my bank account in bulgaria ?? can t we get get an account in a bulgarian bank in a hard currency ? thank you

ChristineViP20 November 2015 11:26:39

42879

Hi WOOPA,

Welcome to Expat.com!

I created a new topic as from your post on the Bulgaria forum.

ch85stActive member21 November 2015 04:59:36

If its a pension payed by Denmark you will be taxed in Denmark for it, not in Bulgaria.
And yes you can open a bank account here in Bulgaria in any of the larger currency's

annanirvannaActive member03 December 2015 17:32:01

Check whether your source country has a duel taxation agreement. If it does you can nominate the country to pay tax in (either the source country or the country you now reside). I was also advised (when I inquired just over a year ago) on this Forum about tax & pensions that Bulgaria does NOT tax pensions as they are exempt. Everything else is flat rate level tax 10%. As I said that was what I was advised so clarify if this is correct

francese60Contributor14 December 2015 16:22:32

103

1) yes you can open a account in euro in every bank
2) paying tax on your pension , depends on fiscal agreement between bulgaria and your country against double taxation

Articles to help you in your expat project in Bulgaria

Opening a bank account in Bulgaria
Do you wish to open a bank account in Bulgaria? Find out how to proceed in this article.
Giving Birth In Bulgaria
If you find yourself pregnant in Bulgaria, you may be wondering if you will have to head home to have your baby. ...
Leisure in Bulgaria
Wondering how to keep yourself busy after work and during week-ends? Here is an overview of leisure activities ...
Education in Bulgaria
Educational Structures and Background:
Driving in Bulgaria
Looking forward to drive during your stay in Bulgaria? Find out how to proceed in this article.
Traveling to Bulgaria with your pet
Would you like your pet to accompany you during your trip to Bulgaria? Find out how to proceed in this article.
Accommodation in Plovdiv
Plovdiv is a very popular city with expatriates, more particularly with students. Find out how to find ...
Living in Bulgaria
After living in Bulgaria for several years, I look back on the decision to move abroad. At first there was a ...