Notary Fees Up from July 1st

The new higher notary fees will come into force on July 1st 2009. The Council of Ministers decree was promulgated on May 26th in the State Gazette.

For the level into which most properties fall – that with valuation of between 50,000 and 100,000 BGN – the notaries will charge 480.50 BGN plus 0.5% on the sum above 50,000 BGN. At the moment the fees for the same type of property is 318.50 BGN plus 0.2% on the sum above 50,000 BGN.

As a result of the changes a new taxation level is introduced – for properties valued at over 500,000 BGN. From July 1st a fixed sum of 1,530 BGN will be owed for them plus 0.1% on the sum above 500,000 BGN but not more than 6,000 BGN.

According to the current tariff the biggest tax is paid for properties with valuation over 100,000 BGN. In that case one has to pay 418 BGN plus 0.1 % on the sum above 100 000 BGN but not more than 3,000 BGN. Notaries public justify the increase in the taxes with the need of setting up online registers for the wills and the powers of attorney which will make the whole process safer.

Notary fees up to July 1st 2009
• Valuation up to 100 BGN including - notary fee 15 BGN
• Valuation from 101 – 1000 BGN - notary fee 15 BGN + 1.5% for the sum above 100 BGN
• Valuation from 1001 – 10 000 BGN - notary fee 28.50 BGN + 1% for the sum above 1000 BGN
• Valuation from 10 001 – 50 000 BGN - notary fee 118.50 BGN + 0.5% for the sum above 10 000 BGN
• Valuation from 50 001 – 100 000 BGN - notary fee 318.50 BGN + 0.2% for the sum above 50 000 BGN
• Valuation above 100 000 BGN - notary fee 418 BGN + 0.1% for the sum above 100 000 BGN, but not more than 3 000 BGN

Notary fees after July 1st 2009
• Valuation up to 100 BGN including - notary fee 30 BGN
• Valuation from 101 – 1000 BGN - notary fee 30 BGN + 1.5% for the sum above 100 BGN
• Valuation from 1001 – 10 000 BGN - notary fee 43.50 BGN + 1.3% for the sum above 1000 BGN
• Valuation from 10 001 – 50 000 BGN - notary fee 160.50 BGN + 0.8% for the sum above 10 000 BGN
• Valuation from 50 001 – 100 000 BGN - notary fee 480.50 BGN + 0.5% for the sum above 50 000 BGN
• Valuation from 100 000 – 500 000 BGN - notary fee 730.50 BGN + 0.2% for the sum above 100 000 BGN
• Above 500 000 BGN - notary fee 1530.50 BGN + 0,1% for the sum above 500 000 BGN, but not more than 6 000 BGN

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