The Tax on Financial Transactions is Expected to be Introduced in Eleven EU Countries
It’s an expectation that eleven out of seventeen EU countries that are part of the Euro zone will accept the proposed tax on financial transactions. The countries are: France, Germany, Belgium, Portugal, Slovenia, Austria, Greece, Italy, Spain, Slovakia and Estonia. This tax aims to increase the public resources and to encourage the responsible trading with financial instruments, to strengthen the united market by reducing divergent national approaches to the taxation… Continue reading »
Posted in Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation Tagged business in Bulgaria, Tax, Tax Services, Taxation, taxation bulgaria
The Proactive Approach of Attracting FDI in Bulgaria Continues in USA and Belgium
The successful investment forums of Invest Bulgaria Agency in Tokyo and Shanghai, were part of a sequence of events which will end with two more events in The Silicon Valley and Brussels. The events are part of the “Promoting the advantages for investing in Bulgaria” project, with the financial support of Operational Programme “Development of the Competitiveness of the Bulgarian Economy” 2007-2013. On February 28, 2013 in Palo Alto, Invest… Continue reading »
Five Years of Flat Tax Rate in Bulgaria – Part II
The flat tax had a positive influence for the budget and this is an important result. The low tax rates are mostly criticized, because they don`t insure enough incomes to the budget and they “take the blood” out of the government and the social system. In this case it is absolutely the opposite. The low flat tax rate of 10% has secured more tax incomes exactly in the years of… Continue reading »
Posted in Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation Tagged business in Bulgaria, Corporate Income Tax Act, Personal Income Tax Act, Tax, Tax Services in Bulgaria, Taxation, taxation bulgaria
Five Years of Flat Tax Rate in Bulgaria – Part I
In two consecutive years, a flat tax of 10% was introduced in Bulgaria. First in 2007 -10% tax on corporate incomes and in 2008 – 10% tax on incomes of individuals. The flat rate can be defined as a positive reform for Bulgaria. In the countries with flat tax rate the economy and the incomes grow significantly faster. The flat tax rate on incomes increases the economic activity, opens new… Continue reading »
Posted in Bulgarian Tax Guide, Doing Business in Bulgaria, Taxation Tagged business in Bulgaria, Consulting, Corporate Income Tax Act, Personal Income Tax Act, Tax, Tax Services, Tax Services in Bulgaria, taxation bulgaria
The European Bank for Recovery and Development Increased Its Positive Expectations For Economic Growth in Bulgaria to 1.9%
The European Bank for Recovery and Development (EBRD) expects an increase of the GDP rate with 1.9%. During the previous year the institution was expecting the growth to reach 1.7%.
The financial institution emphasizes that the fiscal position of the country remains stable with low deficit. It is also pointed that because of the successful emission of Eurobonds, which were issued last year, Bulgaria has significant fiscal and monetary buffers… Continue reading »
Posted in Bulgarian Tax Guide Tagged business in Bulgaria, Corporate Income Tax Act, GDP, Incorporation, Personal Income Tax Act, Tax Services in Bulgaria, taxation bulgaria
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