Bulgaria and the US have already signed an agreement on the automatic exchange of tax information.
The document was signed by Deputy Prime Minister and Finance Minister Lyudmila Petkova and US Ambassador to Bulgaria Kenneth Merten. "Administrative cooperation is an effective tool in the fight against tax evasion. This agreement has been eagerly awaited by business representatives as it will reduce the administrative burden," said Lyudmila Petkova.
Thanks to the agreement, our country will receive information on the income, activities, assets and taxes of large American multinationals operating in the country. The obligation for the local subsidiaries of these groups to file country-by-country reports under the Tax and Social Security Procedural Code will be eliminated, as this information will be exchanged between the two countries on a reciprocal basis.
Moody's Ratings has affirmed Bulgaria's long-term and short-term rating at Baa1 with a stable outlook. The affirmation of Bulgaria's Baa1 rating reflects the rating agency's expectations that Bulgaria's debt and creditworthiness indicators will remain..
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The USA is among Bulgaria's leading foreign trade partners, the US market is among the main export destinations for Bulgarian high-tech products . This..
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