BSE-Sofia operates within the framework of the national legislation. The Stock Exchange internal organization and structure ensures the execution of its activities in compliance with the provisions of the law.
BSE-Sofia organizational structure and management are based on the Rules and Regulations of the Exchange, adopted by the BSE-Sofia Board of directors.
Main acts regulating BSE-Sofia activities and local capital market are the Markets in Financial Instruments Act and the Law on public offering of securities. Legal framework of taxation on income from trading in financial instruments is stated in the Personal Incomes Tax Act and the Corporate Income Tax Act.
Capital gains from securities transactions realised on the local regulated market are not subject to withholding tax and tax on dividends and liquidation proceeds is 5%.
