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deAdela Cristea January 28, 2008

Bulgaria introduced the 10% flat tax rate for individuals starting with January 2008

Starting with January 2008 Bulgaria has a new 10% flat tax rate for individuals, replacing the 10%-24% tax rates in 2007.

The Bulgarian 10% corporate tax rate for 2008 remains the same as in 2007 and is positioning Bulgaria together with Cyprus among the lowest taxations within the European Union.

The VAT rate in Bulgaria for 2008 will remain 20%, the same as in 2007.

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Starting with January 2008 Bulgaria has a new 10% flat tax rate for individuals, replacing the 10%-24% tax rates in 2007.

The Bulgarian 10% corporate tax rate for 2008 remains the same as in 2007 and is positioning Bulgaria together with Cyprus among the lowest taxations within the European Union.

The VAT rate in Bulgaria for 2008 will remain 20%, the same as in 2007.

Starting with January 2008 Bulgaria has a new 10% flat tax rate for individuals, replacing the 10%-24% tax rates in 2007.

The Bulgarian 10% corporate tax rate for 2008 remains the same as in 2007 and is positioning Bulgaria together with Cyprus among the lowest taxations within the European Union.

The VAT rate in Bulgaria for 2008 will remain 20%, the same as in 2007.