GERB Proposes Taxes to Be Paid in Installments

GERB Proposes Taxes to Be Paid in Installments

Taxes may be paid in installments just like you pay for a new expensive car or washing machine. The idea landed on GERB MPs who aim at securing fresh money for business deals and investments.

So far it is not clear whether accurate taxpayers only will be able to space out payments or the option will apply to all companies. The business community, however, has embraced the idea - business people believe that this will stimulate the economy.

Currently Brussels considers tax payments in installments as state aid that requires time consuming and complicated procedures.

Some companies, however, apply for a permission for this financial relief. They have a chance to get under one condition, though - the state needs a proof that paying taxes in bulk would make their business suffer serious losses.

/Source: Standart Daily/

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