OrbitaxOrbitax

Bulgaria Planning to Introduce Tax on Excess Bank Profits and Other Changes in Budget for 2025

|Proposed Changes|Bulgaria
Bulgaria

Bulgaria's Ministry of Finance has issued a release on the draft law for the 2025 State Budget, which will be submitted to the National Assembly. With regard to taxation, the release notes several planned revenue measures, including a tax on excess bank profits, a tax on underground resources, and two tax amnesties in relation to the declaration of unpaid taxes and social security contribution…

Continue Reading