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Bulgaria vs Turkmenistan
Tax Rate Comparison

Enter your income below for a personal tax estimate, then scroll down for full rate breakdowns.

๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria
vs
๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan
Tax Year:

๐Ÿ’ฐ Personal Income Tax Calculator

Enter your income to see your estimated annual tax liability in each country โ€” side by side.

Enter your annual income above to see your personal tax comparison โ†’
Individual Income Tax (Top Marginal Rate)
Top Income Tax Rate
10%
10% flat; EU lowest; reform pressure growing with deficits
No change
10%
10% flat; gas revenues fund state expenditure
No change
VAT / GST / Sales Tax
VAT / GST / Sales Tax
9โ€“20%
Standard 20%; 9% for hospitality
No change
15%
15% maintained
No change
Corporate Tax Rate
Corporate Tax Rate
10%
10% maintained; Pillar Two compliance active
No change
8โ€“20%
8%/20%; China gas pipeline dominant
No change
Capital Gains Tax
Capital Gains Tax
10%
10% flat
No change
10%
10% nominal
No change
Social Security & Payroll
Social Security / Payroll
~32.7%
Pension system under significant pressure
No change
~35%
State-funded social system; gas wealth subsidizes pensions
No change
State, Regional & Local Taxes

๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria โ€” Municipal Taxes

Bulgaria's 265 municipalities set local tax rates within nationally defined bands. Property tax (danuk varhu nedvizhimi imoti) is levied at 0.01%โ€“0.45% of the property's tax value (set by municipalities). Vehicle tax and patent tax for micro-enterprises are also locally determined. Sofia Municipality applies higher property tax coefficients than rural areas. Bulgaria has the EU's lowest flat income and corporate tax rates at 10%, making it a competitive jurisdiction for businesses.

๐Ÿ‡น๐Ÿ‡ฒ Turkmenistan โ€” Velayat & Etrap Administrations

Turkmenistan's 5 velayats (provinces) and Ashgabat city have highly centralized administration under an authoritarian state. Turkmenistan has among the world's largest natural gas reserves, exporting most to China. The economy is heavily state-controlled with limited private sector. Citizens historically received free gas, electricity, water, and subsidized food (subsidies now being reformed). International transparency is very limited, making reliable tax data difficult to obtain from this closed state.

โš ๏ธ Disclaimer: Rates shown are standard top/headline rates for informational purposes. Actual tax liability depends on income level, residency, deductions, and tax treaties. 2025โ€“2026 data reflects announced or enacted rates and may be subject to change. Not financial or legal advice.

Bulgaria vs Turkmenistan: Key Tax Differences (2026)

๐Ÿ’ฐ Income Tax: Bulgaria and Turkmenistan have similar top income tax rates (10% vs 10%).

๐Ÿ›’ VAT/Sales Tax: Bulgaria has a higher consumption tax (9โ€“20% vs 15%).

๐Ÿข Corporate Tax: ๐Ÿ‡ง๐Ÿ‡ฌ Bulgaria offers a lower corporate rate (10% vs 20%), which can influence business location decisions.

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