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LOCAL TAXES AND FEES ACT

Promulgated, Izv., No. 104/28.12.1951 Correction, No. 10/1952, Amended, Izv., Nos. 12 & 104/1954; 91/1957; 13/1958; 57 & 89/1959; 21 & 91/1960; State Gazette No. 85/1963; 1 & 52/1965; 53/1973; 87/1974; 21/1975; 102/1977; 88/1978; 36/1979; 99/1981; 55/1984; 73/1987; 33 & 97/1988; 21 & 30/1990; 82/1991; 59/1993; 40 & 87/1995; 14, 20, 37 & 40/1996

(excerpts)

V. FEES FOR RECEIPT OF PROPERTY AS DONATION
AND AGAINST COMPENSATION

41. (As amended - SG, No. 87/1995)

Fees shall be paid by organizations and natural and legal persons for transfer of ownership on properties (real estate, movable properties, rights, receivables, securities, valuables, etc.) as donation and against compensation for real properties, cattle, as well as for establishment of other corporeal rights on real property.

For deals with the participation of state enterprises, fees shall be paid by the other party to the deal; for deals between two state establishments and for donations to the state no fees shall be paid.

For deals with the participation of the Bulgarian Red Cross, fees shall be paid by the other party to the contract, while for donations in favor of the Bulgarian Red Cross fees shall not be paid.

41a. (New - SG, No. 85/1963)

Exempt from donation fee shall be:

a) customary gifts of value up to 80 Leva;

b) installments to deposits with the State Savings Bank and other donations in favor of spouses and relatives of direct descending line of amount up to 500 Leva per person per year.

Where a person receives several donations within one year from one and the same grantor, the fee shall be determined by adding up all donations.

Fees for donations in favor of spouses and relatives of direct descending line shall be paid at a 25 percent discount.

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