The Bulgarian Government published on its website its governance program entitled Programme for Stable Development of the Republic of Bulgaria in the 2014-2018 Period, BTA wrote.Keeping the currency board arrangement until Bulgaria joins the Eurozone, applying for entry into the Eurozone and into the EU Single Supervisory Mechanism for banks, transposing the EU Directive establishing a framework for the recovery and resolution of credit institutions and investment firms, and establishing an entirely new resolution authority for such institutions.The Government envisages an unchanged tax system and the same low share of State-reallocated GDP. At the same time, there are plans for a debate on the overall tax policy and reforms with regard to the preferential tax treatment. It is planned to introduce a capital gains tax after an analysis of capital gains taxation in other EU Member States. Another priority in this sphere is curbing the participation of offshore companies in the Bulgarian economy.
