Bulgaria Gazettes Decree Amending Various Corporate, Individual Income Tax Provisions

The Bulgarian Official Gazette March 27 published Decree No. 127, amending corporate income and individual income tax provisions. The law includes measures: 1) setting a 50 percent annual tax depreciation rate for electric vehicles acquired on or after Jan. 1; 2) granting taxpayers carrying out R&D activities a 25 percent tax deduction for eligible R&D expenses incurred in the year of reporting; 3) allowing taxpayers to increase R&D expenses included in the historical price of specified long-term intangible assets by 25 percent, subject to conditions; 4) amending the global minimum tax provisions for multinational enterprise (MNE) and large domestic groups ...