On 6 December 2022, the National Assembly of Bulgaria approved a law regarding a temporary solidarity contribution of 33% on oil, gas and coal companies in line with the Council Regulation (EU) 2022/1854 on an emergency intervention to address high energy prices. The law enters into force on 1 January 2023.
The temporary solidarity contribution will be applicable to taxable profits for 2022 and 2023. The excess profits will be calculated as the taxable profits that exceed 20% of the average taxable profits for the tax periods 2018 to 2021. Â The deadline for the payment of the temporary solidarity contribution will be 30 June of the following year (similar to the annual corporate tax payment).
