The Hellenic Business Council in cooperation with Ernst & Young organized a seminar to discuss tax residency rules and tax environment in Bulgaria and Greece.

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The event was attended by more than 100 managers and employees interested in the subject. In the first part of the seminar Mr. Manos Tountas, Tax Manager at Ernst & Young Greece and Ms. Nevena Kovacheva, Senior Tax Manager at Earnst&Young Bulgaria spoke extensively on the taxes of individuals in Greece and Bulgaria respectively. The topics presented were: Tax residency rules in Bulgaria and Greece: the law and its practical application, New income tax scales, deductions and credits, Taxation of rental income, interest, dividends and sale of listed shares, Group pension schemes, Social security changes and avoidance of double payments.

In the second part of the seminar Mr. Spyros Kaminaris, Tax Partner at Ernst & Young Greece and Mr. Milen Raikov, Senior Tax Manager, Ernst & Young Bulgaria spoke on the taxation of business. The topics that were analyzed were Overview of the tax environment in Bulgaria and Greece Opportunities arising from the most recent changes, The impact of EU law and practices on the Bulgarian tax environment, Incentives for doing business in Bulgaria, EU funds for businesses.

The presentations provided valuable feedback on the latest legislative changes in tax systems in Bulgaria and Greece and provoked lively discussions among the participants.

The seminar was followed by a light cocktail where guests had the opportunity to exchange ideas and opinions in a more informal atmosphere.

HBCB would like to thank for their support its patron companies Globul, Germanos, UBB and Alpha Bank.






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