Congrats Bulgaria - GoFuckYourself.com

polish_aristocrat · 11-23-2007, 08:02 AM

10% flat income tax rules

Sansa · 11-23-2007, 08:04 AM

Wow, that's pretty progressive thinking. Is this true? I found this

http://www.worldwide-tax.com/bulgaria/bulgaria_tax.asp

polish_aristocrat · 11-23-2007, 08:09 AM

the site you're quoting says "last update february 2006" and I just heard on the news that they implemented 10% income tax starting 2008

I wonder how such income tax would work, say, in the US

EDIT: we have Antonio from Bulgaria here, maybe he will share more insight on that

Klen · 11-23-2007, 08:15 AM

10%?Holy shit i need to move there

Shagbunny · 11-23-2007, 08:25 AM

Antonio get your butt in here!

Finike · 11-23-2007, 08:40 AM

I have to change my home, I am paying 50% tax after 25% social security fees.

Shagbunny · 11-23-2007, 08:41 AM

holy crap that'll leave a mark.... it's that bad in Austria?

anarchy · 11-23-2007, 08:46 AM

Go to monaco it has 0% ;)

sniperwolf · 11-23-2007, 09:25 AM

We were 10% before but went to 12% now!

BerdoR · 11-23-2007, 09:35 AM

Quote:

Originally Posted by anarchy

Go to monaco it has 0% ;)

Antonio · 11-23-2007, 09:35 AM

yeah, it's been discussed for a while, and I believe they are implementing it starting 2008 (still has to go trough Parliament I think), the main goal is to actually make more people and businesses pay the taxes they should be paying (since paying only 10% and sleeping well at night is not a bad option)

on the other hand on top of your taxes you pay two other things (I think health insurance and pension fund thingy) that you have to pay, but I welcome the 10% tax - it should bring even more investments to the country

scottybuzz · 11-23-2007, 09:40 AM

woot woot!

uno · 11-23-2007, 09:44 AM

I love Bulgaria. I'll have to go there again sometime.

kowalsky · 11-23-2007, 11:41 AM

Second good reason to move there. The first one, very funny people!

carol.prime · 11-23-2007, 01:21 PM

fucked up those taxes...

KILL_FRENZY · 11-23-2007, 02:07 PM

that's a good thing

Vendot · 11-23-2007, 02:59 PM

thats pretty low, only other place with 10% is the Isle of Man but they have zero company tax.

http://news.bbc.co.uk/1/hi/business/4736188.stm

Bulgaria is a seriously nice place to live. Anyone here living out there?

Shagbunny · 11-23-2007, 03:01 PM

Quote:

Originally Posted by kowalsky

Second good reason to move there. The first one, very funny people!

how are the Bulgarian babes?

Vendot · 11-23-2007, 03:06 PM

very hot babes.... and 48% less tax than what im paying. More info here:

http://www.iht.com/articles/ap/2007/...Tax-Reform.php

Diligent · 11-23-2007, 04:25 PM

Sounds like an idea... to get an apartment there and stay for ~190 days/year at least, and incorporate in Isle of Man. Looking kind of attractive.. ;)

Vendot · 11-23-2007, 05:43 PM

Quote:

Originally Posted by Diligent

Sounds like an idea... to get an apartment there and stay for ~190 days/year at least, and incorporate in Isle of Man. Looking kind of attractive.. ;)

If you personally earn $50m in Bulgaria, you will pay $5m income tax

If you personally earn $50m in Isle of Man, you will pay $200k income tax (because max income tax paid in any yr is £100k or approx $200k)

Thats why PokerStars & Neteller is out there. So it depends where your at in your biz, but youll probably have a more enjoyable lifestyle in Bulgaria

Diligent · 11-23-2007, 06:24 PM

Quote:

Originally Posted by vendot

If you personally earn $50m in Bulgaria, you will pay $5m income tax

If you personally earn $50m in Isle of Man, you will pay $200k income tax (because max income tax paid in any yr is £100k or approx $200k)

Thats why PokerStars & Neteller is out there. So it depends where your at in your biz, but youll probably have a more enjoyable lifestyle in Bulgaria

I get your point, and It's partially taken

To my understanding though (haven't delved into it deep enough yet), You can set up a "non-resident" company, and only be personally taxed in the country you are personally resident in...

The company itself will have Isle of Man's ZERO corporate *profit* tax, and then the company pays out a wage (effectively, *you* set the level) to you in Bulgaria..
where you personally pay just 10% income tax on that.. know whatta mean?

BucksMania · 11-23-2007, 06:55 PM

Yes its true, and its kicking in for sure from the start of 2008

now to answer some of the other questions
- babes are very hot, a lot of them, slutty and like bling bling

(well we have some good, modest girls too, just in case you are looking for a wife, hehe)
- the night life is wild, both literally and in the good sense of the word as well

If someone has business related questions ill be happy to answer to those as well

Vendot · 11-24-2007, 04:54 AM

Well whats the crime level like? Is there good policing?

Do many people speak english out there?

Is Labour as cheap as in say Romania?

What are property prices like out there?

What is the level of education amongst the people?

justsexxx · 11-24-2007, 05:18 AM

I prefer the cayman Islands

Antonio · 11-24-2007, 06:04 AM

Quote:

Originally Posted by vendot

Well whats the crime level like? Is there good policing?

Do many people speak English out there?

Is Labour as cheap as in say Romania?

What are property prices like out there?

What is the level of education amongst the people?

Bulgaria is a nice place to live if you are Bulgarian, if you're foreigner I think you're better off living in Prague. With that said:

Q: Well whats the crime level like? Is there good policing?
A: For the "ordinary" people it's really safe IMO, MUCH better than it was 10 years ago, right now you're probably 100 times more likely to die in a car accident than being murdered. Of course criminals, drug dealers etc get murdered and the press loves it when it happens!

Q: Do many people speak English out there?
A: No idea

Q: Is Labour as cheap as in say Romania?
A: Even cheaper but there's a big difference between the wages in the different cities, the smaller the city the lower the wages.

Q: What are property prices like out there?
A: Newly built apartment in a bigger city (100 square meters) - $70 000 and up

Q: What is the level of education amongst the people?
A: School is not compulsory so most young people go there for a year or so and then drop out and pursue other activities. If you can read and write at the same time you get elected as a mayor, the president had 3 years of schooling but some say his school certificate is a forgery so I can't really comment on that.

PS Cannibalism is not uncommon

Hope that helps

Vendot · 11-24-2007, 07:33 AM

Quote:

Originally Posted by Antonio

PS Cannibalism is not uncommon

Damn, that sucks. I mean 10% income tax is a nice saving, but not going there if im going to be eaten by someone.

WTF!?!?!?!?!?!

What do you mean cannibalism!?!?!?!?!?

Antonio · 11-24-2007, 07:46 AM

Quote:

Originally Posted by vendot

Damn, that sucks. I mean 10% income tax is a nice saving, but not going there if im going to be eaten by someone.

WTF!?!?!?!?!?!

What do you mean cannibalism!?!?!?!?!?

people are quite poor in some of the remote areas and food is scarce, but as a foreigner I think you're safe, after all eating a foreigner can land you in jail for 6 months so why take the risk????

11-23-2007, 08:02 AM	#1
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	Congrats Bulgaria 10% flat income tax rules __________________ I don't use ICQ anymore.

11-23-2007, 08:09 AM	#3
polish_aristocrat Too lazy to set a custom title Join Date: Jul 2002 Posts: 40,377	the site you're quoting says "last update february 2006" and I just heard on the news that they implemented 10% income tax starting 2008 I wonder how such income tax would work, say, in the US EDIT: we have Antonio from Bulgaria here, maybe he will share more insight on that __________________ I don't use ICQ anymore.

11-23-2007, 08:40 AM	#6
Finike Confirmed User Industry Role: Join Date: Mar 2005 Location: Austria Posts: 1,581	I have to change my home, I am paying 50% tax after 25% social security fees. __________________ Pregnant, fetish or tit traffic? Promote Lactation Cash, a CCBill based lactation niche program with better signup and rebill ratios! Trade traffic: SexyPix TGP - Milky TGP - Lactation Sex TGP - So Sexy Nylons - Sexy Bra TGP - 6 Fetish Tube - All my traffic trades !

11-23-2007, 08:46 AM	#8
anarchy Confirmed User Join Date: Jun 2003 Location: Anarcho-capitalist libertarian Posts: 378	Go to monaco it has 0% ;) __________________ http://www.lewrockwell.com

11-23-2007, 09:25 AM	#9
sniperwolf Too lazy to set a custom title Join Date: Mar 2005 Posts: 17,743	We were 10% before but went to 12% now! __________________ ~Accepting design works~

11-23-2007, 08:04 AM	#2
Sansa Confirmed User Join Date: Apr 2007 Posts: 293	Wow, that's pretty progressive thinking. Is this true? I found this http://www.worldwide-tax.com/bulgaria/bulgaria_tax.asp

11-23-2007, 08:15 AM	#4
Klen Industry Role: Join Date: Aug 2006 Location: Little Vienna Posts: 32,235	10%?Holy shit i need to move there

11-23-2007, 08:25 AM	#5
Shagbunny Confirmed User Industry Role: Join Date: Oct 2007 Location: wut Posts: 3,028	Antonio get your butt in here!

11-23-2007, 08:41 AM	#7
Shagbunny Confirmed User Industry Role: Join Date: Oct 2007 Location: wut Posts: 3,028	holy crap that'll leave a mark.... it's that bad in Austria?

11-23-2007, 09:35 AM	#11
Antonio Too lazy to set a custom title Join Date: Oct 2001 Location: Spartaaaaaaaaa Posts: 14,136	yeah, it's been discussed for a while, and I believe they are implementing it starting 2008 (still has to go trough Parliament I think), the main goal is to actually make more people and businesses pay the taxes they should be paying (since paying only 10% and sleeping well at night is not a bad option) on the other hand on top of your taxes you pay two other things (I think health insurance and pension fund thingy) that you have to pay, but I welcome the 10% tax - it should bring even more investments to the country

11-23-2007, 09:40 AM	#12
scottybuzz Too lazy to set a custom title Industry Role: Join Date: May 2006 Location: NY Posts: 14,800	woot woot! __________________ $$$$$ MAKE HUGE MONEY IN CAMS - CLICK HERE $$$$$

11-23-2007, 09:44 AM	#13
uno RIP Dodger. BEST.CAT.EVER Industry Role: Join Date: Dec 2002 Location: NYC Area Posts: 18,450	I love Bulgaria. I'll have to go there again sometime. __________________ -uno icq: 111-914 CrazyBabe.com - porn art MojoHost - For all your hosting needs, present and future. Tell them I sent ya!

11-23-2007, 11:41 AM	#14
kowalsky Confirmed User Join Date: Oct 2003 Posts: 2,494	Second good reason to move there. The first one, very funny people! __________________ Jimmy Kowalsky www.catchycash.com [email protected] ICQ - 7319094

11-23-2007, 01:21 PM	#15
carol.prime Confirmed User Join Date: Jul 2006 Location: Manila, Philippines Posts: 6,960	fucked up those taxes... __________________ Prime Outsourcing \| offshore staffing solutions \| manual labor \| employee leasing \| full time employees starting at $695.00/month = managed and dedicated icq.: 309570461 live chat

11-23-2007, 02:07 PM	#16
KILL_FRENZY Confirmed User Industry Role: Join Date: Aug 2006 Posts: 6,184	that's a good thing __________________ BOOST YOUR SALES! WordPress Templates \| Joomla Templates \| TGP Templates \| Cartoons \| Custom Design Contact: ICQ - 240130421 \| Email - [email protected]

11-23-2007, 02:59 PM	#17
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	thats pretty low, only other place with 10% is the Isle of Man but they have zero company tax. http://news.bbc.co.uk/1/hi/business/4736188.stm Bulgaria is a seriously nice place to live. Anyone here living out there? __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

11-23-2007, 03:06 PM	#19
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	very hot babes.... and 48% less tax than what im paying. More info here: http://www.iht.com/articles/ap/2007/...Tax-Reform.php __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell Last edited by Vendot; 11-23-2007 at 03:08 PM.. Reason: link

11-23-2007, 04:25 PM	#20
Diligent Confirmed User Join Date: Aug 2003 Location: Hoy Suecia, mañana Nirvana Posts: 1,594	Sounds like an idea... to get an apartment there and stay for ~190 days/year at least, and incorporate in Isle of Man. Looking kind of attractive.. ;) __________________ ~¤~ MORE MONEY ~¤~ VOD? XoD! ~¤~ ~¤~ ICQ# 9828 2461 ~¤~

11-23-2007, 06:55 PM	#23
BucksMania Confirmed User Industry Role: Join Date: Oct 2005 Posts: 3,758	Yes its true, and its kicking in for sure from the start of 2008 now to answer some of the other questions - babes are very hot, a lot of them, slutty and like bling bling (well we have some good, modest girls too, just in case you are looking for a wife, hehe) - the night life is wild, both literally and in the good sense of the word as well If someone has business related questions ill be happy to answer to those as well

11-24-2007, 04:54 AM	#24
Vendot Confirmed User Industry Role: Join Date: May 2002 Location: Malaysia Posts: 3,376	Well whats the crime level like? Is there good policing? Do many people speak english out there? Is Labour as cheap as in say Romania? What are property prices like out there? What is the level of education amongst the people? __________________ "In a Time of Universal Deceit, Telling the Truth is a Revolutionary Act." - George Orwell

11-24-2007, 05:18 AM	#25
justsexxx Too lazy to set a custom title Join Date: Aug 2001 Location: The Netherlands Posts: 13,723	I prefer the cayman Islands __________________ Questions? ICQ: 125184542