European Parliament Passes Law to Restrict Cash Payments to €10,000
The European Parliament has voted to impose a €10,000 limit on cash payments within the European Union
European finance ministers will be discussing next week amendments to regulations to increase taxes on multinational Internet companies such as Google and Amazon, European news agencies reported.
Online giants are facing growing pressure in Europe for their low taxes, but countries often have difficulty raising their rates due to existing regulations limiting taxation to countries where they are physically present.
"The current legal framework favors digital companies and deprives states of benefits," says a document from the Estonian EU presidency, prepared for the informal meeting of finance ministers in Tallinn on 15 and 16 September.
The document proposes a reform of international tax laws to change the notion of "permanent establishment" so that digital companies are taxed where they generate revenue, not just in the countries where their tax office is located.
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The real estate sector in Sofia has shown resilience in the face of ongoing pandemic challenges, maintaining stability across all segments in the first quarter of the year
Bulgaria has witnessed a bustling winter tourism season, with a total of 1.8 million tourists gracing its picturesque landscapes from December 1 to March 25
Trade relations between Bulgaria and Ukraine have reached unprecedented heights, with bilateral trade hitting a record 3 billion USD in 2022, according to statements made during the recent Bulgarian-Ukrainian business forum
As of 2022, the count of fellow countrymen who purchased real estate overseas reached 2,154, based on data from the National Revenue Agency referenced by "Telegraph"
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022