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Profit tax reduction

03.01.2007

On 29.12.2006, shop no 3 plus two parking places located in Sofia at 101 Tsarigradsko Shose Blvd., owned by Aktiv Properties REIT, have been assigned an energy characteristics certificate no 001ЕНА091 of A class with term of validity till 28.12.2016. Pursuant to the Local Taxes and Fees Act, the company shall be exempt from paying tax on the above mentioned properties for the period of ten years.