The Bulgarian National Assembly Committee on Budget and Finance rejected President Radev’s veto on the Corporate Income Tax Act. The most discussed topic regarded the increased tax on older vehicles. The Chairperson of the National Assembly Committee on Budget and Finance Menda Stoyanova defended the decision of the committee and explained that “owners of twenty- year-old (65 kw) vehicles who paid EUR 15 per year will now pay EUR 35 under the new methodology and the difference is roughly the price of a pack of cigarettes per month”. In President Radev’s view, a higher tax will not encourage the replacement of older cars with new ones and that the new rules will place the tax burden on the people with low incomes and the small and medium-sized business.
Unit 5 of the Kozloduy Nuclear Power Plant (NPP) has been temporarily shut down for its scheduled annual maintenance and refuelling, which is expected to last until mid-June this year, the plant's authorities have confirmed. As part of Kozloduy..
Thousands of people will gather tonight near the spring in the mountainous area of Dambala, just above Momchilgrad. They all believe that on this night the water flowing from the rocks will become healing and cure various diseases. The miracle takes..
"I wish health, peace and love in every Bulgarian home! May the light and joy of the greatest Christian holiday fill our hearts and minds and strengthen mutual understanding and tolerance in our society," Bulgarian President Rumen Radev wrote on his..
Unit 5 of the Kozloduy Nuclear Power Plant (NPP) has been temporarily shut down for its scheduled annual maintenance and refuelling, which is expected to..
"I wish health, peace and love in every Bulgarian home! May the light and joy of the greatest Christian holiday fill our hearts and minds and strengthen..
Thousands of people will gather tonight near the spring in the mountainous area of Dambala, just above Momchilgrad. They all believe that on this night..
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