The Bulgarian Official Gazette March 17 published Decree No. 107, amending the Social Security Code. The decree includes measures: 1) exempting specified pension fund payments from corporate income tax, and exempting management services for supplementary pension insurance funds from VAT; 2) clarifying pension insurance companies’ obligation to calculate amounts owed to pensioners and their heirs, and the funds required to cover pension payments as of Dec. 31 of each year; 3) recognizing deductions for establishing reserves as a pension expense; and 4) listing the maximum amounts that can be deducted for service fees related to the provision and management of ...