Bulgaria Introducing Windfall Tax for All Sectors

Bulgaria's Ministry of Finance has announced the publication of the draft Law on Amendments and Supplements to the Tax and Insurance (Social Security) Procedural Code. One of the key measures is the introduction of a one-off solidarity contribution that will be levied on all sectors. As previously reported, Bulgaria has already introduced a solidarity contribution on the fossil fuel sector that is due at a rate of 33% on excess profits in 2022 and 2023 to the extent exceeding the average t…