After the Council of Ministers approved a draft of a state budget act for 2023 with a 3% deficit, the Ministry of Finance published a draft of amendments to the Code of Tax and Social Security Procedure for public discussion.
The draft proposes tax amendments aimed at creating additional sources of revenue in the state budget so as to improve revenue collection with the aim of attaining the budget deficit set down. The amendments include doing away with some of the tax and excise duty rebates introduced over the health and the economic crisis during the past three years, having failed to demonstrate their efficiency as regards any benefits for consumers and for the market. A solidarity installment on excess profits generated in the 1 July, 20223-31 December, 2023 period is also proposed.
For the third consecutive day, Bulgaria’s National Assembly failed to secure the necessary quorum of 121 MPs to hold a session. Only 111 out of a total of 240 MPs were present in the plenary hall. The same happened on the previous two days. On..
Meta, the parent company of Facebook and Instagram, is interested in investing in Bulgaria, Prime Minister Rosen Zhelyazkov announced. "The discussion took place after the meeting with General Electric, during which we talked about small modular..
"Bulgaria welcomes the UN80 initiative as a step toward a stronger organization and supports reforms in the United Nations", said Prime Minister Rosen Zhelyazkov during a meeting with the United Nations Secretary-General António Guterres,..
Underwater excavations near Cape Kilik in Bulgaria’s Avren municipality have revealed evidence of a harbour dating back to the early 1st millennium BC...
On Thursday, the lowest temperatures will be between 9 and 14°C; in Sofia – about 12°C. During the day there will be rain showers in..
Bulgarian Foreign Minister Georg Georgiev told a B4 meeting that EU enlargement is a natural priority for Sofia. Speaking on the sidelines of the..
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