Bulgaria updates the list of the jurisdictions under preferential tax regime

The Bulgarian Minister of Finance approved with Order No. ZMF-ZZ from January 13, 2023 the list of countries/territories which are preferential tax jurisdictions within the meaning of para. 1, point 64 the Additional Provisions of the Corporate Income Tax Act as follows:

1. the Virgin Islands (USA)

2. the Island of Guam (USA)

3. Christmas Island (Christmas Island)

4. Pitcairn

5. Republic of Palau

This Order revokes the prior Order No. ZMF-1303 from December 21, 2016 of the Minister of Finance.

The Order enters into force on February 1, 2023.