Bulgaria: Bulgaria – Norway double tax treaty

International Tax Review is part of Legal Benchmarking Limited, 1-2 Paris Garden, London, SE1 8ND

Copyright © Legal Benchmarking Limited and its affiliated companies 2025

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Bulgaria: Bulgaria – Norway double tax treaty

koleva.jpg

Rossitza Koleva

A new double tax treaty (DTT) between the Republic of Bulgaria and the Kingdom of Norway was signed in July 2014. The agreement is expected to stimulate the investment climate in the two states and contribute to the implementation of new possibilities and opportunities for companies resident in the two contracting states. Companies will be able to perform activities in the other contracting state in various spheres and sectors.

The main purpose of the treaty is the elimination of double taxation, thus tax paid in one state may be offset against tax payable in the other state, in accordance with the provisions of the treaty and at the same time ensuring that the tax obligations of taxpayers are met.

As such, the effective implementation of the treaty will contribute to the harmonious development of the bilateral economic and investment cooperation between Bulgaria and Norway.

One must take into account the fact that the previous double tax treaty between the two countries was signed back in 1988, in significantly different economic conditions and statutory regulations. The provisions of the newly-signed agreement comply with the OECD's Model Tax Convention, which Bulgaria applies in its contractual practice, as well as with the existing tax laws of Bulgaria and Norway.

This new DTT will be an important tool for the elimination of double taxation for the residents of the contracting countries while at the same time it will ensure the fulfillment of the obligations regarding the payment of the due taxes. The new agreement will enter into force upon its ratification by both sides.

Rossitza Koleva (rossitza.koleva@eurofast.eu)

Eurofast Global, Sofia Office

Tel: +359 2 988 69 78

Website: www.eurofast.eu

more across site & shared bottom lb ros

More from across our site

Uncertainty isn’t always a bad thing, but it’s easy to see how the Trump administration’s IRS commissioner merry-go-round may serve to undermine business confidence
The EU defended its ‘sovereign right’ to impose the tax in the face of US tariff threats; in other news, the US deputy Treasury secretary resigned after just five months
Ascoria’s chief revenue officer shares her career wisdom garnered from the disparate worlds of tax technology, electric cables, radio DJing and more
Businesses no longer have a choice when it comes to tax technology transformation. Pavlo Boyko of TMF Group says the question is simply: sink or swim?
The firm is hunting for a senior TP manager in its quest to build a full-service practice in Indonesia, A&M Tax’s Jakarta head Jaap Zwaan tells ITR
With a new government in place, the evolving tax landscape presents both opportunities and challenges for taxpayers
Major economies have expressed concerns, with China arguing a US global minimum tax exemption would be a violation of the principle of fair competition – ITR understands
Senator Richard Colbeck told ITR he was concerned by the decision to let PwC Australia tender for government contracts again after a scandal-induced ban
Whether it be due to a fragmented advisory market or a rise in M&A, Italy’s frenetic hiring has not gone unnoticed by ITR’s Talent Tracker
The deal gives Azets 14 new partners and boosts its Swedish revenues to over $100 million; in other news, Svalner Atlas launched in Copenhagen
Gift this article