Large business to pay 5% additional profit tax, but with a relief of 8% if it invests in tangible fixed assets. This is what the parliament decided at the second reading of changes to the Corporate Income Tax Act.
The project proposed by the cabinet for the introduction of an additional "profit tax" of another 5% on top of the current 10% for large corporations is based on a European directive. The MPs complied with the request of the Bulgarian Industrial Capital Association to introduce the tax with the reliefs allowed by the European directive. In this way, the "profit" tax actually remains at the previous level of 10%, which is the practice in the EU.
According to the Ministry of Finance, the additional tax affects about 500 large companies, mainly branches of foreign companies operating in the country.
One of the key steps in the expansion of the underground gas storage at Bulgaria's Chiren gas storage facility, the construction of the above-ground infrastructure and the installation of new compressors, has already been completed, Energy Minister..
Transformation – this is the word that most accurately describes the current state of the Bulgarian industry. According to an analysis of sectoral data for the period from 2008 to the beginning of 2024, made by the Institute for..
Tourism is one of the sectors in Bulgaria ready to the greatest extent to smoothly continue working after Bulgaria joins the Еurozone , the executive director of the National Tourism Board, Dr. Polina Karastoyanova, believes. In tourism, and at this..
Cloudy
Overcast, rain
Mostly Cloudy