What is a Gross Receipts Tax?

Gross income tax refers to taxes imposed on personal income in Bulgaria. Including wage tax and general income tax two specific types of taxes. Payroll tax is based on workers, employees, members of agricultural and handicraft cooperatives, lawyers of law firms, and other citizens employed by corporate bodies or individual employers as taxpayers. Generally, excessive progressive tax rates are implemented. Wage tax is levied at source, withholding by enterprises, cooperatives, agencies and other employers who pay wages and other income. General income tax is paid to Bulgarian citizens and foreign citizens. Bulgarians are taxed on all domestic and foreign income; foreign citizens are taxed on Bulgarian income. The taxation object is the taxable income of the taxpayer, which is divided into two categories: urban income and rural income. ^[1]