It has been reported this week that the Bulgarian government is planning an imminent across-the-board cut in taxation in a bid to stimulate economic activity and investment.
The measures will include a reduction in corporate tax from the current 19.5% to 15%, according to national press reports. Income tax rates are also to be targeted under the tax cut programme.
The Bulgarian government’s decision mirrors a trend across Central and Eastern Europe towards cutting taxes, particularly business and corporate taxes, in order to drive up rates of economic growth in preparation for adopting the European single currency.
.
Network Tweets
Network BlogsContent
provided by
|
Archive | Resources | Partners | Site Map | Links | Newsletter Archive | Contact | RSS Feeds | About | Syndication | Advertising & Marketing | Recruitment | Terms & Conditions | Privacy
Copyright © 2012 - All Rights Reserved - Tax-News.com
IMPORTANT NOTICE: Tax-News.com has taken reasonable care in sourcing and presenting the information contained on this site, but accepts no responsibility for any financial or other loss or damage that may result from its use. In particular, users of the site are advised to take appropriate professional advice before committing themselves to involvement in offshore jurisdictions, offshore trusts or offshore investments.
Write a comment