Investors in the SMEs Growth Market – BEAM of the Bulgarian Stock Exchange will see capital gains from transactions and interest income on this market exempt from taxation starting January 1, 2026. This change follows legislative amendments included in the State Budget Act for 2026, which are set to be published in the State Gazette.
The new provisions align tax treatment on the BEAM market with that of the regulated market operated by the Exchange. The amendments specify that capital gains from transactions involving financial instruments on growth markets will not be taxed. Similarly, interest income from bonds or other debt securities traded on a growth market will also be exempt from tax.
These measures extend a pilot tax incentive regime that was effective between January 1, 2021, and December 31, 2025. The aim is to create a permanent framework supporting businesses seeking financing through the growth market.
According to the Bulgarian Stock Exchange, “The amendment is expected to support the further development of the growth market as a source of financing for businesses.”
The legal changes reference specific sections: § 1, item 11 of the Additional Provisions and Article 37(1), item 3 of the Personal Income Tax Act; Articles 196 and 195(6), items 1 and 2(c) of the Corporate Income Tax Act.
