Multinational and large national enterprise groups will be required to pay additional tax. The decision was made during the first reading of the envisaged changes in the Bulgarian parliament. MPs approved changes to the Corporate Income Tax Act, which introduce the rules of the European Directive to ensure the minimum effective taxation of large multinational and large state-owned companies operating in the EU single market through primary and secondary taxation.
In addition, a national additional tax of 5% is being introduced, in accordance with the directive on the taxation of national subsidiaries of foreign companies. Minimum effective taxation will apply to companies with a turnover of at least 750,000,000 euros. The changes also provide that foreign individuals are obliged to pay taxes in accordance with the Law on Taxation of Individuals, only on the basis of income received from sources in Bulgaria. Voting on the amendments at second reading is scheduled for November 27.
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other incentives or coercion, 78 per cent deny it and 12 per cent say they cannot decide. This means that more..
The Imperial Eagle Festival, organised by the Bulgarian Society for the Protection of Birds and the municipality of Topolovgrad, takes place today in Topolovgrad, Sakar Mountain, Haskovo region. The event brings together nature lovers, farmers,..
On Saturday morning there will be frost in the lowlands, and fog in the river basins. During the day the weather will be predominantly sunny with a moderate wind from the East. Minimum temperatures 2° C., below zero to 6° C., for Sofia 2° C., below..
Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication..
A letter of intent covering military activities between Turkiye, Romania and Bulgaria was signed in Brussels by the defence ministers of the three..
According to a survey by Gallup International Balkan, one tenth of respondents admit that they would accept to vote in exchange for money, other..
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