The companies, which create new jobs in regions with unemployment at least 25% higher than the average for the country will be allowed to retain up to 100 per cent of the corporation tax. This is stipulated to be part of the changes in the Corporate Income Tax Act, announced by Deputy Minister of Finance Liudmila Petkova.
Ms. Petkova explained that at least 50% of work places which companies create, should be in manufacturing activities and minimum 30% of the personnel must have permanent address in the municipality with high unemployment.