The government plans to tax the transactions in financial instruments on the Bulgarian Stock Exchange. The measure is recorded as a priority in the tax program of the Cabinet in the next three years.
Responsible institution is the Ministry of Finance and the aim is to 'enhance the contribution of the financial sector to public finances and fiscal consolidation in the country ", as the document says of the program.
For this purpose must be an analysis of the practice of taxation of capital markets in other countries - EU members. Must be made and the very model of taxation in Bulgaria operations on the capital markets, as well as drafting a bill on the introduction of a tax on the transactions.
The introduction of this tax will lead to double appreciation of transactions, experts comment to Bulgarian National Radio.
Currently, these operations are not taxed. If implemented this change will be affected all of our capital market, as well as business, investment consultants believe.
"Customers of investment firms that traded in the capital markets would suffer the burden of this tax," said financial adviser Kamelia Lazarova.
If the intention is to seek a synchronization with some countries in Europe, maybe talk about tax in the order of 0.1% of the amount of each financial transaction. Tax that would be collected would be below 1 million lev. Realistically, the administration, the tax may be more costly to the state than ceasefires that would be suffered.
Experts also warn that even if the deal is not profitable, it will still be taxed.
We pay tax when buying the respective security and when you sell, even to sell at a loss.