New EU Tax Rules Combat Aggressive Tax Planning and Double Non-Taxation
The article discusses the Mandatory Automatic Exchange of Information on Tax in the European Union, focusing on a new tax in Bulgaria and the need for comprehensive tax planning information. Businesses are using complex strategies to reduce tax liabilities, which can lead to double deductions and non-taxation. Tax authorities require detailed information on multinational companies' structures and transactions. Additionally, a permit is needed for passenger taxi transport in Bulgaria. The article concludes that further research on local taxes is essential.