Beneficial owners - Bulgarian debt securities
The following types of beneficial owners are entitled to a withholding tax exemption/reduced withholding tax rate on interest from Bulgarian non-listed corporate bonds, non-listed mortgage bonds and non-listed municipal bonds:
- Residents of Double Taxation Treaty (DTT) countries: beneficial owners that are residents in a country which has signed a DTT with Bulgaria may benefit from a reduced tax rate on interests payments from non-listed bonds (either at source or via a standard refund procedure). The applicable withholding tax rates are defined in the DTT list.