Monday, October 22, 2012

Bulgaria – New capital gains tax of 10%, expected to enter into force in 2013, will apply to existing deposits if interest is accrued after end of 2012


Dimitar Glavchev, Deputy Chairman of the Budget Committee of the Parliament, clarified that the legislative proposal for a new capital gains tax of 10% on bank deposits, which is expected to enter into effect at the beginning of 2013, would apply to interest earned on pre-existing deposits as well if those deposits accrue their interest after 31 December 2012:



Mark Pleas
Eastern Europe Banking & Deposits Consultant