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Greece not to burden Bulgarian companies with preventive tax

Photo: EPA/BGNES

The Bulgarian Ministry of Finance has expressed satisfaction with the decision of Greece not to impose previously planned 26 percent preventive tax on transactions with Bulgarian companies. The decision is final after the European Commission voiced its opinion that this would be a violation. The decision has been ratified by the Greek Parliament. Earlier in the year Greece expressed intention to adopt a law that would impose a so-called "preventive" tax on goods and services coming from countries with preferential tax regimes. In addition to Bulgaria the tax would have affected countries like Cyprus and Ireland. Bulgaria filed a complaint to the European Commission because of unfair treatment.




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