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.
Deposits in banks for the first quarter of 2024 have reached a record level of 75.4 billion euros. From January to March, deposits grew by EUR 1.35 billion or by 1.8%. The rise is mainly due to increased household deposits, the..
Although bilateral trade reached nearly $4 billion last year, there are still untapped opportunities to further increase Bulgarian exports to China. This was made clear at a meeting between the Minister of Economy and Industry, Mr. Petko Nikolov, and..
Housing loans in Bulgaria increased by 24.8% year-on-year, reaching BGN 22.3 billion (EUR 11.4 billion) by the end of June 2024, according to the BGNES news agency. Consumer loans also rose by 14% year-on-year compared to June 2023, reaching BGN..
The procedure for renewable electricity storage projects under the National Recovery and Resilience Plan is now open and proposals are being accepted...
+359 2 9336 661