Tax

Bulgaria ranks 36th among 165 countries and territories in Frasers's 2021 Economic Freedom of the World Annual Report, losing four positions from last year, said Tuesday the Institute for Market Economics (IME) which is the local partner of Fraser Institute.
A year earlier Bulgaria was 32nd in the ranking.

Officials at the Treasury and Finance Ministry are studying a proposal to launch a scheme that would allow private companies to build homes and lease them out to boost dwelling unit supply and to curb excessive rent increases.

Ljubljana – Only a day after putting out a proposal on taxation of trading in cryptocurrencies, the Financial Administration (FURS) said it will amend the proposal amid a strong response from stakeholders to give taxpayers the option to chose between paying tax either on the profits they make or as a percentage of the cryptocurrency they cash in.

In the coming days, the government will lock its decisions to abolish the solidarity contribution to civil servants and retirees, the average reduction of 8% of ENFIA in 2022, while at the same time proceeding with smart measures to reduce tax evasion that will be returned to it next year to reduce further income tax rates.

Environmental movement Extinction Rebellion on Aug. 27 demonstrated in the heart of London against the financing of fossil fuel industries by lenders in the City, as part of two weeks of planned action.

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Several hundred people marched to the beat of drums through the centre of the financial district.

Romanians who want higher pay for their work do not ask for any privilege, but only not to take half of their salary to pay all kinds of privileges for the politically connected, says Economy Minister Claudiu Nasui. "When it comes to leaving money to working Romanians, it is a budgetary problem.

Prime Minister Florin Citu on Tuesday said, at a discussion with representatives of the Coalition for the Development of Romania, that he wants the tax system to remain the same at least until 2024, without tax increases. "Since our last discussion, we also have a Minister of Finance whom you could have a dialogue with.

Creating a favorable financial climate to support the approximately 820,000 SMEs in Greece should be a key goal of government, banks and entrepreneurship.

Ljubljana – The government has adopted a new version of amendments to the act on value added tax (VAT) after its first proposal was defeated in parliament in July. The original amendments were drafted as part of broader tax reform efforts. The new version preserves some of the key solutions but is narrower.

Prime Minister Florin Citu said on Thursday that the first task he set for the new Minister of Finance, Dan Vilceanu, is keeping the government deficit below 7.16% until the end of the year, adding that he will not accept tax increases during his tenure. "I've completed the handover of the ministerial portfolio after 45 days of being the interim finance minister.