ARTICLES

More Bulgarian municipalities to become tax havens

www.bnr.bg, 8th August 2006

From 2007 another sixteen municipalities in Bulgaria will become very attractive investment-wise, thanks to a 100% profit tax relief. The Finance Ministry has proposed this step through the new Corporate Tax Bill. It has been approved by the Budgetary Committee and will soon be discussed in the plenary hall. So far 112 Bulgarian municipalities with high unemployment have enjoyed this significant preference. The new 16 tax paradise municipalities will include the towns of Vidin, Kozloduy and Kula, Northwestern Bulgaria.

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