Skip to content
OrbitaxOrbitax

Bulgaria to Introduce Windfall Tax on Fossil Fuel Sector

|Proposed Changes|Bulgaria
Bulgaria

The Bulgarian government submitted a draft bill in parliament on 1 November 2022 including measures for the introduction of a temporary solidarity contribution on the excess profits of companies in the crude oil, natural gas, coal, and oil refining industries at a rate of 33% in accordance with Council Regulation (EU) 2022/1854 on an emergency intervention to address high energy prices. The contribution will be due on excess profits in 2022 and 2023 to the extent exceeding 20% of the averag…

Continue reading with a Pro Subscription

Unlock full Orbitax Tax News content, including a historical database of tax news, alerts, and analysis from our network of tax experts, all tailored to your company footprint. Now includes Orbitax XatBot AI Tax Assistant.

Free trial available. Cancel anytime. Free Orbitax account required.

Already a Pro or Pro+ subscriber? Sign in to Orbitax to continue reading.