AmCham, Automotive Cluster, Bulgarian Outsourcing Association, ArPharm, BAIT join efforts on R&D Investment Tax Relief

On October 16th, 2018 AmCham Bulgaria, The Automotive Cluster Bulgaria, the Bulgarian Outsourcing Association, ArPharm, and The Bulgarian Association for Information Technologies sent joint letter to the government of Bulgaria proposing tax relief on the Research and Development activities and programs implemented by local businesses.

 

Тhe  Letter gives strong arguments for the need of reinvesting companies’ profit in R&D to foster economic growth, competitiveness, and improving the economic and social conditions of Bulgaria.

The letter can be found here (in Bulgarian).