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.
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June. Bulgaria’s real GDP growth is expected to stand at 2.1 per cent in 2024, driven by the positive..
The caretaker government has instructed Deputy PM and Minister of Finance Lyudmila Petkova to submit, by 11 September, a proposal for amending the REpowerEU chapters of the recovery and resilience plan. This is being done so as to make the..
Andrey Gyurov will cease to perform his duties as Deputy Governor in charge of the Issue Department and Member of the Governing Council of the Bulgarian National Bank (BNB) until the court and parliament make a decision, the BNB announced. The..
Bulgaria’s real GDP growth is expected to stand at 2.1% in 2024, indicates the macroeconomic forecast of the Bulgarian National Bank (BNB) in June...
+359 2 9336 661