Many Romanian entrepreneurs are relocating their businesses to Bulgaria because of lower taxes, taking advantage of local advice.
Delia Niculescu
Current Affairs
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Due to the recent tax hikes in Romania, more and more entrepreneurs are choosing to move their businesses to Bulgaria, where the tax on profits is 10% and on dividends 5%. Bulgarian consultancy companies are facilitating the relocation of Romanian businesses, promising to open up businesses quickly for €500. Although many of these firms do not carry out any real economic activity, ANAF is vigilant and carries out checks to prevent tax evasion.
Sources
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