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Draft amendments to tax laws submitted to parliament

09 February 2013

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Proposed Changes

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Bulgaria

On the 12 October 2012, the Bulgarian government submitted to the parliament a package of draft amendments to the tax laws, most of them set to enter into force as from 1 January 2013. The parliament has still to pass the laws. The main amendments proposed are summarized below. (a) Corporate income tax -   Advance payments for corporate income tax: -   advance payments shall be made on the basis of forecasted earnings for the current year (instead of previous years results); -   advance payments shall be declared in the CIT return for the previous year; -  ...