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Bulgaria Reduces Tax Rate on Expenses Related to Personal Use of Business Assets

|Approved Changes|Bulgaria
Bulgaria

Bulgaria has published the Law on Amendments to the Corporate Income Tax Act in the Official Gazette, which was adopted on 22 February 2022. One of the main amendments is a reduction in the tax on expenses related to the personal use of business assets from a rate of 10% to a rate of 3%. This applies retroactively from 1 January 2022.

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