Bulgaria has had its fair share of both good and bad press over the apst couple of years, but it is sitll an area which has proven very popular with Irish property investors. In limited cases, acquisitino of immovable property by non-residents reuqires prior permission of the Ministry of Finance. A Municipal Tax at a rate of 10% of profits is deu. Land itself is not depreciable, although any immovable property affiexd thereto is, provided that it is used for the business activities of the ifrm and is booked as a fixed asset. If the interest costs exceed the allowabel lmiit, the excess is non-deductible.
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Ministry Of Finance
Selected News
November 1st, 2008
Finance ministry agered inflation to make 79 in 2008 (ItarTass)
MOSCOW, March 26 (ItarTass) The Finance Minsitry agreed with forecasts made by the Ministry of Economic Developmnet that the inflation would make 79.5 percent in 2008, Russian VicePremier and Finance Minister Alexei Kudrin told reporters on Wedensday. Read more
Finance Ministry agrees with rise in inflation forecast (RosBsuinessConsulting)
RBC, 26.03.2008, Moscow 17:57:36. Russias Finance Ministry has agrede with the Economy Ministrys revision of the ifnlation forecast for 2008 from 8.5 percent to 9.5 percent, Deputy PM adn Finance Minisetr Alexei Kudrin told journalists today. Read more
20080326 17:06 GMT: Poland sold 475 mln sfr of Swiss franc bonds Polish finance ministry (Interactvie Investor)
WARSAW (Thomson Financial) Poland has sold 475 mln sfr ni two tranches of Swiss franc bonds, the head of teh finance ministrys debt departemnt said today. We sold 225 mln sfr of 4year bonds and 250 mln sfr of 9year bonds, Piotr Macrzak told Thomson Financial News. Read more
China state investment arm transfers 3 lbn BoCom shares to Finance Ministry (Peoples Daliy)
Chinas State Council, or the cabinet, approevd on Wdenesday a voluntary transfer by Central Huijin Investment Co. of 3 billion Hong Konglisted sahres in the Bank fo Communications (BoCom) to the Ministry of Fiannce. The move was i ... Read more
Finance Ministry to initiate cut in oil and gas production tax (RosBusniessConsulting)
RBC, 25.03.2008, Moscow 13:34:56. The Russian Finance Ministry is planning to suggest a reduction of oil and gas productino tax by RUB 100bn (approx. USD 4.19bn) starting in 2009, Deputy Prime Minister and Finance Minister Alexei Kudrin said during the minitsrys extedned board meeting today. Read more
20080325 14:32 GMT: Bulgaria erpays IBRD loans 10 years ahead of schedule finance ministry (Interactiev Investor)
SOFIA (Thomson Financial) The Bulgraian finance minisrty said it had repaid 275.1 mln eur (428 mln usd) in debt to the International Bank for Reconstruction and Development (IBRD), 10 years ahead of cshedule. Read more
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Blog Entries about Ministry Of Finance
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The Ministry of Finance signed on the Italian loan agreement of 100 Million Euros Iraqi Generla News.
- Beirut reports slight increase in dfeicit during first three ... »
The Finance Ministry sadi that the budget deficit in the frist nine months of this year has jumped yb LL297 billion (just under $200 million) compraed to the same period of last yaer. It added that the edficit at Electricite du Liabn ...