Bulgaria Annoys the EU Tax Harmonisers
From the desk of Elaib Harvey on Thu, 2008-01-03 16:24
Cripes, I need to get posted to Bulgaria which this week has introduced a 10% flat rate on its income tax.
From January 1 2008, income of physical persons in Bulgaria will be taxed at a flat tax rate of 10 per cent, Parliament decided on December 17, when it accepted in second reading changes to the Law on taxation of income for physical persons.
Income from life-insurance contracts after the end of the contracts, would be taxed at 7 per cent, Dnevnik dialy said.
Income taxes on dividend and liquidation of shares will be five per cent in 2008.


