Bulgarian Cabinet approves draft agreement to update tax treaty with Romania

Bulgaria’s Cabinet has approved a draft proposal to update the memorandum on avoiding double taxation and tax avoiding with Romania, replacing the current agreement signed in 1994, the government media service said.

The draft approved on April 22 is the second one approved by a Bulgarian cabinet is the space of one year. In April 2014, another draft agreement was given green light by the now-departed administration of Prime Minister Plamen Oresharski, which also mandated then-finance minister Petar Chobanov to negotiate the final terms.

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(Photo: Clive Leviev-Sawyer)