European Parliament delegation visited Sofia to discuss legislative proposals for Common Consolidated Corporate Tax Base. CCCTB is a single set of rules to calculate companies’ taxable profits in the EU. With the Common Consolidated Corporate Tax Base cross-border companies will only have to comply with one, single EU system for computing their taxable income, rather than many different national rulebooks. The national tax systems are too old for the digital economies of the 21st century and may result in tax evasion, the European Parliament contends. According to MEP Paul Tang, the Bulgarian Presidency of the Council of the European Union will be crucial for the introduction of new corporate taxation.
Bulgaria’s Anti-Corruption Commission is investigating a large-scale property fraud and money laundering scheme connected to the 'Historical Park', which is associated with Ivelin Mihaylov, the leader of the Velichie party. Those arrested include the..
The ruling party and the opposition argued about the procedure for the Budget Committee meeting before the final vote on the 2006 budget . Assen Vassilev, chairman of the We Continue the Change party, attempted to block the committee’s extraordinary..
Employees in the agriculture and forestry sector staged a protest in front of the Parliament, demanding higher salaries for workers in departments that are secondary budget administrators. The protest was organized by the National Federation of..
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