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.
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and governance stability, but corruption remains a significant challenge, according to the latest country..
The government has submitted to Parliament a draft bill to amend and supplement the Law on the Introduction of the Euro in Bulgaria. The proposed changes aim to improve the regulatory framework related to the dual display of prices for goods and..
The ratio of government debt to gross domestic product (GDP) in EU countries rose to 81.8% at the end of the first quarter of 2025 , up from 81% at the end of the fourth quarter of 2024. This is according to the latest data published today by the European..
Membership in the European Union and Bulgaria’s upcoming adoption of the euro on January 1, 2026, are supporting the country’s institutions and..
Partly cloudy, chance of rain
sunshine, cloud, rain and thunder