Dividend tax

The Government on Wednesday passed a new Tax Code and a Code of Tax Procedure.

Where applicable, foreign landlords with property in Turkey are required to file tax returns to Turkish financial authorities by March 25 The tax treatment of income elements earned by foreigners from any source of income usually tops the international tax agenda and is extensively debated worldwide by experts, academics and tax experts alike.

The Romanian capital market is the fastest evolving in Europe, Bucharest Stock Exchange (BVB) CEO Ludwik Sobolewski told the 'Romania Investor Day' conference taking place in London.

Photo credit: (c) Alex TUDOR / AGERPRES PHOTO

Bulgaria has the sixth lowest overall taxes for medium-size companies in EU and the European Free Trade Association (EFTA), shows the Paying Taxes 2015 survey of PriceWaterhouseCoopers among 189 economies worldwide.

The total tax rate in Bulgaria is 27%, which ranks it sixth after Croatia (18.8%), Luxembourg (20.2%), Cyprus (23.2%), Ireland (25.9%) and Denmark (26%).

Bulgaria's Government demanded urgent payments of dividends from the companies with over 50% state ownership, reports Sega daily. 

With an order of June 11 the Council of Ministers demanded 70% of the profits to be paid to the shareholders by today, June 16. The state-owned hospitals are exempt.