Bulgaria

Bulgaria

June 01, 2004

Bulgaria is expected to reduce the corporate tax rate from 19.5 to 15% starting in 2005.

The government called for the reduction in the latest budget in late April. The budget must still be approved by parliament, which is not expected to act until late in the year, according to Maria Dimitrova with the law firm Djingov, Gouginski, Kyutchukov & Velichkov in Sofia.

Keith Martin