The Parliament approved in first reading two bills amending the Corporate Income Tax Act, submitted by the Council of Ministers.
Exemption for Religious Denominations: One provides for exemption from taxation of the income of religious denominations from rent or other provision for the use of real estate located in the country.
Accelerated Depreciation for Electric Vehicles: In connection with the National Recovery and Resilience Plan (NRRP), a more favorable regime for depreciating electric vehicles is introduced (50% annual tax depreciation rate), acquired after January 1, 2026. The aim is also to prevent sanctions from the European Commission.
Tax Relief for R&D: It is proposed to introduce a tax relief when conducting research and development activities, with 25% of their expenses additionally recognized for taxpayers.
Technical Corrections due to the Euro: The other bill provides for technical corrections in connection with the transition from the lev to the euro. It is envisaged that the Bulgarian National Bank will publish the reference exchange rate of the euro.