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Bush has sent a letter to the Senate, urging senators to ratify the agreement.The US Senate's approval is the last formality before the agreement can enter into effect since the Bulgarian MPs already approved the document. Copyrights can include distribution of books, movies, music and television shows as well as the use of trademarks.New tax reliefBulgarian companies will pay the same five-percent dividend tax to US shareholders. However, Bulgarian students who work in the US only for the summer will continue to pay taxes according to the US Tax Law. Stanishev is scheduled to meet US President George W. The agreement for avoiding dual taxation provides for a five-percent interest and royalties' tax to be paid by Bulgarian firms to US companies. The tax reduction is included in the agreement between Bulgaria and the US for avoiding dual taxation.
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