FINANCE
Minister of Finance Vladislav Goranov and US Ambassador to Bulgaria H.E. Marcie Ries have signed the FATCA agreement
The Minister of Finance Vladislav Goranov and the US Ambassador to Bulgaria H.E. Marcie Ries have signed an Agreement between the Government of the Republic of Bulgaria and the Government of the United States of America on Improving Tax Legislation Internationally. With this Agreement Bulgaria becomes part of the international exchange of information under the Foreign Account Tax Compliance Act.
FATCA was passed by the US Congress in 2010. It allows the Internal Revenue Service (IRS) to fight cross border tax evasion from US citizens through off-shore accounts and financial assets abroad.
This Agreement will have an indisputable positive effect as it will contribute to enhancing the international banking and tax transparency, as well as to the effective fight against tax evasion. With signing this Agreement, the Bulgarian financial institutions will not be subject to a withholding tax in the USA.
NEWS FROM BCCI
Multimodal transportation center established with BCCI
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ОщеThe newly accredited Ambassador of Latvia to Bulgaria visited BCCI
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ОщеMeeting with the Ukrainian Ambassador H.E. Mykola Baltazhy
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FINANCE
Minister of Finance Vladislav Goranov and US Ambassador to Bulgaria H.E. Marcie Ries have signed the FATCA agreement
On improving tax legislation internationally
Още
BULGARIAN ECONOMY
Bulgarian foreign trade January - October 2014 (preliminary data)
Bulgarian exports to the EU increased by 2.1%
ОщеBulgaria’s industrial production index up 0.5% M/M in October
The most significant increases were registered in the mining and quarrying industry and in the supply of electricity, gas, steam, and air conditioning
Още
INVESTMENT NEWS
The nominations for Investor of the year 2014 have begun
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The company’s plans are to go on increasing its number of employees in next months
ОщеMinister Loukarsky presented "E.Miroglio" EAD with a Certificate for investment Class "A"
The investment amounts to BGN 30 million and will create 101 new jobs
Още
