EC Enquires into Bulgarian Bar Act, Warns on Taxation of Foreign Bonds

The European Commission has launched an official enquiry into the Bulgarian Bar Act. The Commission is enquiring in particular about the following aspects:

– the nationality requirement for obtaining the qualification of Bulgarian lawyer;

– the fact that Community lawyers and Bulgarian lawyers do not benefit from the same rights for the exercise of their activity;

– the fact that Community law firms are prevented from establishing themselves in Bulgaria;

– the rule prohibiting Community lawyers and law firms to make use of their own law firms’ names in Bulgaria.
In a new procedure the European Commission has formally requested Bulgaria to change its tax provisions according to which income from Bulgarian governmental, municipal and corporate bonds are exempt from tax, whereas no such exemption is granted for similar bonds issued abroad. The Commission considers that these rules are incompatible with the EC Treaty, which guarantees the free movement of capital.

One response to “EC Enquires into Bulgarian Bar Act, Warns on Taxation of Foreign Bonds

  1. Pingback: Commission Moves Forward with Bulgarian Bar Act Case « European Union Law

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