Value-added tax

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.

The Confederation of Independent Trade Unions in Bulgaria insist that in 2022  minimum wage in the country should amount to BGN 764 and the average to be BGN 1,729.

Romania became, last year, the leader of the European Union in terms of the growth rate of electronic commerce, and the value of this market reached 5.6 billion euros, according to data published on Monday by representatives of a European fintech.

In the application submitted to the Energy and Water Regulatory Commission (KEVR) on May 11, Bulgargaz requested a 13 percent increase in the price of natural gas, compared to prices in May, or BGN 42.54. (excluding access fees, transmission, excise duty and VAT costs). This became clear during today's discussion on the price of blue fuel in KEVR.

Taxation is strangling the average Greek family. Taxes and insurance contributions reach 31.7% of the salary of an employee with two children in Greece, compared to 24.4% on average in OECD countries.

For the period 2017-2020, Bulgarian revenue agencies have written off tax liabilities of over BGN 10 billion. For previous periods the amount is similar. This became clear from the second press conference of the caretaker Minister of Finance Asen Vassilev.

 According to the Minister, about BGN 2-3 billion in uncollected taxes are written off every year.

Τhe Ministry of Finance submitted an addendum to the bill on state aid to businesses and non-profit organizations for disasters earmarking a supplementary budget with the increase of appropriations by 3 billion euros «in order to finance actions related to the implementation of measures to address the negative consequences of the coronavirus».

US Treasury Secretary Janet Yellen has called for a global minimum corporate tax rate for companies that work internationally.

United States are working with G20 nations to agree to a global minimum corporate tax rate that can stop the downstream said the Secretary to the Chicago Council on Global Affairs.

Ljubljana – Four business chambers or associations associated in an Economic Circle initiative urged the government to be more ambitious in its debureaucratisation drive and lower the planned social security cap, as they presented a number of ideas for a lean state at an online news conference on Wednesday.

Automobile manufacturer Dacia announced on Wednesday that it ill open, starting with March 20, preorders for its first electric model, which will be sold in Romania with prices between 16,800 and 18,100 Euro. "Starting with March 20, Dacia will open online preorders for its "Comfort Plus" version of its first electric model.