Bulgaria submits corporate tax bill as 2027 plan details excess-profits levy

Corporate tax bill enters Parliament

On 5 November 2026, Bulgaria’s Council of Ministers submitted Bill No. 52-602-01-65 to the National Assembly. The official record identifies it as a bill amending the Corporate Income Tax Act and shows assignment on 6 November to the Budget and Finance Committee as lead committee, with two other committees participating. The record showed no first-reading report, plenary vote or promulgation when reviewed, so the measure remains proposed legislation.^[1]

Government plan sets out a one-off 2027 charge

The government’s 2027 Draft Budgetary Plan describes a proposed one-off excess-profits tax under the Corporate Income Tax Act for the 2027 financial year. It uses the average annual taxable profit of an enterprise for 2020–2025 as the reference level and states a 33% rate for the excess-profit charge. Ordinary corporate-tax treatment outside the extraordinary component is not described as changing in this focused measure.^[2]

Listed sectors and proposed relief

The plan lists banks, insurers and reinsurers, telecommunications companies, exchange offices, fast-credit companies and traders operating at least five food-retail establishments, including grocery stores, supermarkets and hypermarkets. It also envisages assigning 30% of the excess-profits tax to regulatory capital buffers or reserves, or, for persons without mandatory reserves, to new tangible and intangible fixed assets connected with their main activity.^[2]

What affected groups should do

The plan envisages monthly advance payments during 2027, but the reviewed official material does not establish final payment dates or return fields. Groups with Bulgarian entities in the listed sectors should map the proposed sector tests, assemble entity-level taxable-profit data for 2020–2025, forecast 2027 results and identify any mandatory reserve or qualifying investment position. The linked parliamentary bill text was not readable through the research client, so final base definitions, anti-avoidance rules, payment mechanics and commencement must be checked against a readable parliamentary text or later committee report before the proposal is treated as law.^[1][2]