3 Bulgarian Ministers to Report Measures Taken against Greece’s New Tax
Tuesday, 07 April 2015
Bulgaria’s parliamentary budget committee will hold hearings of three ministers over the introduction of a 26% withholding tax on Greek business transactions originating in Bulgaria, Cyprus, and Ireland.
Finance Minister Vladislav Goranov, Economy Minister Bozhidar Lukarski, and Foreign Minister Daniel Mitov will report to MPs from the parliamentary budget committee the measures taken by Bulgaria against the new tax, according to reports of the Bulgarian National Radio.
Greece introduced the 26% withholding tax on deals and transactions originating in these countries in a bid to fight corporate tax avoidance.
All of the three countries have more favorable corporate taxation regimes than that of Greece.