Bulgaria and the US have already signed an agreement on the automatic exchange of tax information.
The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative cooperation is an effective tool in the fight against tax evasion. This agreement has been eagerly awaited by business representatives as it will reduce the administrative burden," said Lyudmila Petkova.
Thanks to the agreement, our country will receive information on the income, activities, assets and taxes of large American multinationals operating in the country. The obligation for the local subsidiaries of these groups to file country-by-country reports under the Tax and Social Security Procedural Code will be eliminated, as this information will be exchanged between the two countries on a reciprocal basis.
The total average income per household member in the first quarter of 2024 is BGN 2,840 (EUR 1,452.07), which was an increase of 18.6%, year-on-year, the National Statistical Institute said. Wage income increased from BGN 1,284 (EUR 656.5) to BGN 1,597..
There are over one million inactive persons on the Bulgarian labour market. They don't study, don't work and are not registered with the labour offices. This "army" has huge untapped potential, National Employment Agency Director Smilen Valov said...
According to the European Commission's spring economic forecast for this year, inflation in Bulgaria is expected to reach 3.1 % in 2024 and 2.6 % in 2025 . The anticipated downtrend in external prices is expected to limit inflation in both energy and..
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