The effects of the economic recession felt in a particularly strong way in certain EU member states have resulted in migration of many foreign companies to Bulgaria. Being one of the countries in the EU with the lowest (10%) corporate tax rate, Bulgaria offers stable economic environment, as well as simple and cost-effective procedure for accommodating businessmen searching for tax optimisation of their investments.
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Despite estimates that the US/OECD agreement will cost countries billions, the Fair Tax Foundation’s Paul Monaghan believes the deal is a ‘necessary evil’
The postponement came after industry representatives flagged implementation issues with the registration regime; in other news, firms made key tax partner additions
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