Bulgaria Planning to Introduce Tax on Excess Bank Profits and Other Changes in Budget for 2025

Bulgaria's Ministry of Finance has issued a release on the draft law for the 2025 State Budget, which will be submitted to the National Assembly. With regard to taxation, the release notes several planned revenue measures, including a tax on excess bank profits, a tax on underground resources, and two tax amnesties in relation to the declaration of unpaid taxes and social security contributions and in relation to undeclared income. The draft law will also include proposed increases in excise…