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Bulgaria Drops Corporate Taxes

Date: 20.10.2006

Bulgaria's Parliament nodded changes to the Corporate Income Tax Act Thursday, dropping some of the taxes.

Social and entertainment expenses and the money spent on maintaining work cars will only be levied with a 10% tax instead of 12% to 15% as it used to be until now, the MPs decided.

Tax on the income related to public-financed enterprises will be 3%, Parliament decided.

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