OrbitaxOrbitax

Update - Bulgaria Publishes Law for Windfall Tax on Fossil Fuel Sector

|Approved Changes|Bulgaria
Bulgaria

Bulgaria has published the Law on Amendments and Supplements to the Law on Corporate Income Tax, which was approved by the National Assembly on 6 December 2022. As previously reported, the law provides for the introduction of a temporary solidarity contribution on the excess profits of companies in the crude oil, natural gas, coal, and oil refining industries at a rate of 33% in accordance wit…

Continue Reading