33 lines
1.3 KiB
Python
33 lines
1.3 KiB
Python
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"""Bulgaria regime — 10% flat tax on worldwide income.
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Article 48 of the Personal Income Tax Act sets a flat 10% on
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worldwide income for residents. Capital gains on EU/EEA-listed
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securities held over the relevant holding period are exempt
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(Art 13(1)(3)) — most of our portfolio qualifies. We approximate
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all capital gains as 10% to be conservative (CGT on US-listed
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ETFs from a Bulgarian resident is contested terrain; many funds
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the planner holds are Irish UCITS so the EU exemption likely
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applies, but we don't optimise for that here).
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"""
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from __future__ import annotations
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from decimal import Decimal
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from fire_planner.tax.base import TaxBreakdown, TaxInputs, TaxRegime
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FLAT_RATE = Decimal("0.10")
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class BulgariaTaxRegime(TaxRegime):
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name = "bulgaria"
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def compute_tax(self, inputs: TaxInputs) -> TaxBreakdown:
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chargeable = (inputs.earned_income + inputs.pension_withdrawal + inputs.capital_gains +
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inputs.dividends + inputs.interest)
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return TaxBreakdown(
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income_tax=(inputs.earned_income + inputs.pension_withdrawal) * FLAT_RATE,
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capital_gains_tax=inputs.capital_gains * FLAT_RATE,
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dividend_tax=(inputs.dividends + inputs.interest) * FLAT_RATE,
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notes=("bulgaria-flat", f"chargeable={chargeable}"),
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)
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