Bulgaria or Gibraltar: which taxes less?

Both tax systems side by side, headline rates and the gap between them.

Level pegging: Bulgaria and Gibraltar weigh about the same on the taxpayer.

Tax Bulgaria Gibraltar Gap
Corporate income tax headline rate 10% 15% −5.0 points
Personal income tax top bracket 10% 28% −18.0 points
VAT standard rate 20% 0% +20.0 points

Detailed schedules

Personal income tax

Bulgaria

n/a

Gibraltar

Gross income system 6% to 28%, effective rate capped at 25% 28%
System with allowances 14% to 39%, taxpayer chooses least costly system 39%