• Feedback
• Email this page
• Print Version

Your email has been sent.

Friend's email
Your name or email
Comment
	Digits do not match. Please re-enter.
Enter digits

Thank you for your feedback.

Digits do not match. Please re-enter.

Feedback
Name
Email
	Digits do not match. Please re-enter.
Enter digits

EC warns Bulgaria regarding industrial permits, dividend taxation

07/05/2008

BRUSSELS, Belgium -- The European Commission (EC) announced on Tuesday (May 6th) it is sending an official notification to Bulgaria requesting more information about collecting taxes on dividends paid by and to foreign companies operating in the country. These taxes may be higher than their equivalent imposed on Bulgarian companies. A similar step has been taken against Romania. The EC said that higher dividend taxes for foreign companies might constitute an infringement of the free movement of capital.

The commission has also sent Bulgaria an official warning regarding its failure to issue new or updated permits for several industrial installations. According to the EC, Bulgaria was bound to issue new or updated permits for industrial installations by its EU accession on January 1st 2007, in line with the directive on integrated pollution prevention and control. (BNR, BTA, Sofia news agency, Dnevnik - 06/05/08)

What do you think of this article?

	1	2	3	4	5