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.
A letter of intent covering military activities between Turkiye, Romania and Bulgaria was signed in Brussels by the defence ministers of the three countries, the Bulgarian news agency BTA writes, citing Anadolu Ajansı. Bulgarian Defence Minister..
Bulgaria is the 21 st safest country out of 38 countries in Europe, ranking between Poland and Spain. This country gets 1.643 points measured by the Global Peace Index (GPI) in the ranking of the NGO World Population Review . The..
Sofia is hosting the biggest motor show in Europe this year, Alexander Kostadinov, Chairman of the Board of the Association of Car Manufacturers told the Bulgarian news agency BTA. The Sofia Motor Show 2024 will demonstrate the latest generation of..
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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