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.
A working group comprising representatives of employers, trade unions and government experts is discussing the proposals of the Ministry of Labor and Social Policy for introducing a new mechanism to determine the minimum wage. This is happening a day..
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Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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