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.
Bulgargaz expects the price of natural gas next month to be 5 to 6% lower as compared to April. During an open meeting at the Energy and Water Regulatory Commission, the initially proposed price of EUR29.12 per megawatt-hour was reduced to EUR28.36. The..
200 million Leva (over EUR 102 million) of new debt is expected to be taken out on 13 May this year, according to the Bulgarian National Bank website. This is the date on which an auction has been announced for 6-month treasury bonds with an annual..
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