Re:Bulgaria is the world’s fastest-shrinking country
by joefourier on Wednesday October 02, 2019 @10:35AM
(#21136894)
That 10% income tax is slightly misleading in that you'll also have to pay social security on your personal income, which is up to 26%. So it's not as if you can pay yourself 100k€ and get 90k€ in your pocket (and while a 10% corporate tax is attractive, it's not out of line with other EU countries like Ireland, Hungary, Estonia, Malta...).
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Re:Bulgaria is the world’s fastest-shrinking country
by hydraxis on Wednesday October 02, 2019 @10:50AM
(#21137061)
You can pay the social insurance for the equivalent of the minimum salary (around 75€ monthly) and pay yourself a dividend. Personal tax on the dividends is 5%.
Re:Bulgaria is the world’s fastest-shrinking country
by probono322 on Wednesday October 02, 2019 @10:53AM
(#21137092)
The minimum salary is about 280eu, how do you pay for 75eu?
Re:Bulgaria is the world’s fastest-shrinking country
by pdimitar on Wednesday October 02, 2019 @11:08AM
(#21137265)
TL;DR:
You can be registered in your own company as a manager on the minimum wage, pay a fixed sum of social insurance every month (~100 EUR), and then basically set aside 15% of your invoices income for tax, and the rest is yours.
This is exactly what I do for years, it's not fiction and it's working.
Re:Bulgaria is the world’s fastest-shrinking country
by omnimus on Wednesday October 02, 2019 @12:15PM
(#21138094)
That's very similar to other countries. Slovakia and Czechia. The social insurance is bit higher and scales with income but itsnot like Bulgaria is only cheap eu country.