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.
Bulgarians drive more than their Balkan neighbours, averaging more than 21 000 km per year, according to a survey by CarVertical , reported by BGNES. They are closely followed by the Serbs, who drive an average of 20,028 kilometres per year, and the..
Wednesday will be sunny until noon, when clouds will move in from the northwest, bringing short, intense showers and thunderstorms. The risk of hail remains high. Lows will be between 17 and 22°C, 17°C in Sofia. Highs will be in the 30-35°C range, 30°C..
In the town of Aksakovo, in the region of Varna, Bulgaria's first all-female bagpipe group was created. This was announced by Nikola Georgiev, head of the "Trakia" bagpipe school. The girls debuted with a video clip on the Internet with a..
A man and a child have died after they were struck by lightning in the area of Mount Zhultets near Mount Botev in the Central Balkan Mountains. The alert..
The best Bulgarian students in mathematics have won 5 medals by participating in the most prestigious mathematics competition in the world for 2024. At..
The former Bulgarian Minister of Defense Nikolay Nenchev will be temporarily in charge of the Bulgarian Embassy in Ukraine. This decision was taken by..
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