{"id":13793,"date":"2024-05-31T05:00:08","date_gmt":"2024-05-31T02:00:08","guid":{"rendered":"https:\/\/ch.jfdi.cc\/?p=13793"},"modified":"2024-05-31T05:00:08","modified_gmt":"2024-05-31T02:00:08","slug":"latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent","status":"publish","type":"post","link":"https:\/\/ch.jfdi.cc\/?p=13793","title":{"rendered":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent"},"content":{"rendered":"<p>E<br \/>\n            Eurofast <\/p>\n<p>        <label class=\"contentTitleBlock-contributorMore u_chevDown-after label\" for=\"contributor=d0d78aa4-e59d-449a-af56-dedaad7bad0e\">More<\/label><\/p>\n<section class=\"contributorPanel\">\n<p>            Eurofast is a regional business advisory organisation employing local advisers in over 21 cities in South East Europe, Middle East &amp; the Baltics. The Organisation is uniquely positioned as one stop shop for investors and companies looking for professional services.<\/p>\n<\/section>\n<p>        Explore the latest amendments in the Bulgarian Corporate Income Tax Act, including the introduction of an additional tax for multinational and large national enterprise groups, effective from January 1, 2024.<\/p>\n<p>            <span class=\"tag tag_image_location tag_colour_greybrown\">European Union<\/span><br \/>\n            <span class=\"tag tag_colour_grey\">Tax<\/span><\/p>\n<p>            <span>To print this article, all you need is to be registered or login on Mondaq.com.<\/span><\/p>\n<p>Explore the latest amendments in the Bulgarian Corporate Income<br \/>\nTax Act, including the introduction of an additional tax for<br \/>\nmultinational and large national enterprise groups, effective from<br \/>\nJanuary 1, 2024. Learn about the global minimum taxation rules,<br \/>\ntypes of additional taxes, calculation procedures, and the European<br \/>\nDirective&#8217;s influence.<\/p>\n<h3>Global Minimum Taxation<\/h3>\n<p>The key feature of these amendments is the implementation of a<br \/>\nglobal minimum level of taxation. Here are the details:<\/p>\n<ul>\n<li><strong>Applicability:<\/strong> The global minimum tax applies<br \/>\nto both multinational and large national enterprise groups.<\/li>\n<li><strong>Turnover Threshold:<\/strong> To fall within the scope<br \/>\nof this taxation, a group must have a turnover of at least<br \/>\n\u20ac750,000,000 according to consolidated financial statements<br \/>\nfor at least two of the last four tax periods.<\/li>\n<\/ul>\n<h3>Types of Additional Taxation<\/h3>\n<h3>Calculation, Declaration, and Payment<\/h3>\n<ol>\n<li>The Corporate Income Tax Act outlines the procedure for<br \/>\ncalculating, declaring, and paying corporate tax.<\/li>\n<li>Entities subject to the additional tax must submit an<br \/>\ninformative declaration for each separate jurisdiction.<\/li>\n<li>Payment to the National Revenue Agency (NRA) for the national<br \/>\nadditional tax, primary, and secondary additional tax is due within<br \/>\n15 months after the tax period (18 months for the initial tax<br \/>\nperiod falling under minimum taxation).<\/li>\n<\/ol>\n<h3>Tax Base and Amount<\/h3>\n<ul>\n<li>The amended CITA defines the tax base and payable taxes.<\/li>\n<li>Calculations involve adjusted included taxes and allowable<br \/>\nprofit or loss.<\/li>\n<li>Based on this, the effective tax rate for a specific<br \/>\njurisdiction is determined.<\/li>\n<li>If the effective rate is below 15%, a corresponding additional<br \/>\ntax is levied.<\/li>\n<\/ul>\n<h3>European Directive Influence<\/h3>\n<p>These amendments align with the European Directive (EU)<br \/>\n2022\/2523, which aims to establish a global minimum level of<br \/>\ntaxation for multinational enterprise groups and large-scale<br \/>\ndomestic groups within the Union.<\/p>\n<p><em>The content of this article is intended to provide a general<br \/>\nguide to the subject matter. Specialist advice should be sought<br \/>\nabout your specific circumstances.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Eurofast is a regional business advisory organization with local advisers in over 21 cities in South East Europe, Middle East &amp; the Baltics. They serve as a one-stop shop for investors and companies seeking professional services. <\/p>\n<p>Fact: The Bulgarian Corporate Income Tax Act has been amended to introduce an additional tax for multinational and large national enterprise groups, effective from January 1, 2024.<\/p>\n","protected":false},"author":6,"featured_media":13794,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"Default","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[1521,7889,5936,186,11788,33,3681,7944,4498,379,201,11789,2404,10752,3086,4231,11787,10762,2294,3398,2841,3404,7962,148,5527,69,4304,4941,1673,2247,5612,1806,2019,1065,4556,4738,1183,4575],"class_list":["post-13793","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-other","tag-1521","tag-additional-taxes","tag-article","tag-business","tag-calculation-procedures","tag-companies","tag-corporate-income-tax","tag-corporate-income-tax-act","tag-corporate-tax","tag-eu","tag-europe","tag-european-directive-influence","tag-european-union","tag-fall","tag-financial-statements","tag-global-minimum-tax","tag-global-minimum-taxation","tag-implementation","tag-income","tag-income-tax","tag-introduction","tag-investors","tag-jurisdiction","tag-local","tag-loss","tag-middle-east","tag-minimum-tax","tag-organisation","tag-procedure","tag-profit","tag-revenue","tag-services","tag-shop","tag-tax","tag-tax-rate","tag-taxation","tag-taxes","tag-turnover"],"acf":{"keyphrase":"","keywords":"","sourceimg":"","country-category":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent<\/title>\n<meta name=\"description\" content=\"taxation. Global Minimum Taxation, Calculation Procedures, European Directive Influence\" \/>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent\" \/>\n<meta property=\"og:description\" content=\"taxation. Global Minimum Taxation, Calculation Procedures, European Directive Influence\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ch.jfdi.cc\/?p=13793\" \/>\n<meta property=\"og:site_name\" content=\"ch.jfdi.cc\" \/>\n<meta property=\"article:published_time\" content=\"2024-05-31T02:00:08+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp\" \/>\n\t<meta property=\"og:image:width\" content=\"105\" \/>\n\t<meta property=\"og:image:height\" content=\"105\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/webp\" \/>\n<meta name=\"author\" content=\"Robot\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Robot\" \/>\n\t<meta name=\"twitter:label2\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793\"},\"author\":{\"name\":\"Robot\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\"},\"headline\":\"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent\",\"datePublished\":\"2024-05-31T02:00:08+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793\"},\"wordCount\":401,\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp\",\"keywords\":[\"000\",\"additional taxes\",\"article\",\"Business\",\"Calculation Procedures\",\"Companies\",\"corporate income tax\",\"Corporate Income Tax Act\",\"corporate tax\",\"eu\",\"Europe\",\"European Directive Influence\",\"european union\",\"fall\",\"financial statements\",\"global minimum tax\",\"Global Minimum Taxation\",\"implementation\",\"income\",\"income tax\",\"introduction\",\"investors\",\"jurisdiction\",\"Local\",\"loss\",\"Middle East\",\"minimum tax\",\"organisation\",\"procedure\",\"profit\",\"revenue\",\"services\",\"shop\",\"tax\",\"tax rate\",\"taxation\",\"taxes\",\"turnover\"],\"articleSection\":[\"Other\"],\"inLanguage\":\"en-GB\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793\",\"name\":\"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp\",\"datePublished\":\"2024-05-31T02:00:08+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\"},\"description\":\"taxation. Global Minimum Taxation, Calculation Procedures, European Directive Influence\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#primaryimage\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp\",\"contentUrl\":\"https:\\\/\\\/ch.jfdi.cc\\\/wp-content\\\/uploads\\\/2024\\\/05\\\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp\",\"width\":105,\"height\":105,\"caption\":\"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/?p=13793#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/ch.jfdi.cc\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#website\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/\",\"name\":\"ch.jfdi.cc\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/ch.jfdi.cc\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/ch.jfdi.cc\\\/#\\\/schema\\\/person\\\/24aeef359ef2df73056e7502e1cadc71\",\"name\":\"Robot\",\"url\":\"https:\\\/\\\/ch.jfdi.cc\\\/?author=6\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent","description":"taxation. Global Minimum Taxation, Calculation Procedures, European Directive Influence","robots":{"index":"noindex","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"og_locale":"en_GB","og_type":"article","og_title":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent","og_description":"taxation. Global Minimum Taxation, Calculation Procedures, European Directive Influence","og_url":"https:\/\/ch.jfdi.cc\/?p=13793","og_site_name":"ch.jfdi.cc","article_published_time":"2024-05-31T02:00:08+00:00","og_image":[{"width":105,"height":105,"url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp","type":"image\/webp"}],"author":"Robot","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Robot","Estimated reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ch.jfdi.cc\/?p=13793#article","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/?p=13793"},"author":{"name":"Robot","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/24aeef359ef2df73056e7502e1cadc71"},"headline":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent","datePublished":"2024-05-31T02:00:08+00:00","mainEntityOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=13793"},"wordCount":401,"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=13793#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp","keywords":["000","additional taxes","article","Business","Calculation Procedures","Companies","corporate income tax","Corporate Income Tax Act","corporate tax","eu","Europe","European Directive Influence","european union","fall","financial statements","global minimum tax","Global Minimum Taxation","implementation","income","income tax","introduction","investors","jurisdiction","Local","loss","Middle East","minimum tax","organisation","procedure","profit","revenue","services","shop","tax","tax rate","taxation","taxes","turnover"],"articleSection":["Other"],"inLanguage":"en-GB"},{"@type":"WebPage","@id":"https:\/\/ch.jfdi.cc\/?p=13793","url":"https:\/\/ch.jfdi.cc\/?p=13793","name":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent","isPartOf":{"@id":"https:\/\/ch.jfdi.cc\/#website"},"primaryImageOfPage":{"@id":"https:\/\/ch.jfdi.cc\/?p=13793#primaryimage"},"image":{"@id":"https:\/\/ch.jfdi.cc\/?p=13793#primaryimage"},"thumbnailUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp","datePublished":"2024-05-31T02:00:08+00:00","author":{"@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/24aeef359ef2df73056e7502e1cadc71"},"description":"taxation. Global Minimum Taxation, Calculation Procedures, European Directive Influence","breadcrumb":{"@id":"https:\/\/ch.jfdi.cc\/?p=13793#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ch.jfdi.cc\/?p=13793"]}]},{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/ch.jfdi.cc\/?p=13793#primaryimage","url":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp","contentUrl":"https:\/\/ch.jfdi.cc\/wp-content\/uploads\/2024\/05\/latest-amendments-in-the-bulgarian-corporate-income-tax-act-for-multinational-and-large-national-ent.webp","width":105,"height":105,"caption":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent"},{"@type":"BreadcrumbList","@id":"https:\/\/ch.jfdi.cc\/?p=13793#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ch.jfdi.cc\/"},{"@type":"ListItem","position":2,"name":"Latest Amendments In The Bulgarian Corporate Income Tax Act For Multinational And Large National Ent"}]},{"@type":"WebSite","@id":"https:\/\/ch.jfdi.cc\/#website","url":"https:\/\/ch.jfdi.cc\/","name":"ch.jfdi.cc","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ch.jfdi.cc\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-GB"},{"@type":"Person","@id":"https:\/\/ch.jfdi.cc\/#\/schema\/person\/24aeef359ef2df73056e7502e1cadc71","name":"Robot","url":"https:\/\/ch.jfdi.cc\/?author=6"}]}},"_links":{"self":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/13793","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13793"}],"version-history":[{"count":0,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/posts\/13793\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=\/wp\/v2\/media\/13794"}],"wp:attachment":[{"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13793"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13793"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ch.jfdi.cc\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13793"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}