The Budget Committee of the Bulgarian Parliament is proposing Parliament cut the tax on dividends from 15% to 7%.
The tax will not be due to EU Member companies if they have invested at least 20% of their total assets in Bulgaria.
No withholding tax will be applied on interest payments of bonds listed on the regulated market in Bulgaria and/or in the EU Member state.
“The proposed changes will improve the Bulgarian market environment,” says a spokesman bor BA-CA. “Especially for foreign investors from countries who have no Double Tax Treaty in place with Bulgaria.”