It is not acceptable to change a functioning tax system that provides a balanced budget, the position of the Bulgarian Chamber of Commerce and Industry on occasion of the tax reforms proposed by the Confederation of Independent Trade Unions in Bulgaria (CITUB) reads.
In a difficult to predict economic situation and expectations for decline in GDP of over 7%, the Bulgarian Chamber of Commerce and Industry contends that each change to the tax system may create chaos among business and citizens and may have negative effect on tax collection.
Several days ago, CITUB came up with several proposals: a minimum non-taxable income equal to the minimum monthly salary, 15% tax on the income of natural and legal persons and reduction of the VAT rate from 20% to 15%. Currently, the natural and physical persons pay 10% income tax.
Bulgaria's Schengen membership is a great opportunity, but also a challenge. In order to make the most of this opportunity, administrative barriers that hinder the tourism sector must be removed. This was agreed by participants at a meeting on the..
On Thursday minimum temperatures will range from 4° C. to 9 ° C., for Sofia around 5° C. In some parts in Western Bulgaria there will be rain, more significant in the mountain regions. There will be a light, in Eastern Bulgaria to moderate wind..
Seven years after buying the Denny ice cream factory in Veliko Tarnovo, London-based multinational Unilever is closing the plant. The company did not give specific reasons, the Dnevnik website reported. The ice-cream factory will cease operations..
Navigation Maritime Bulgare (Navibulgar) is conducting its own investigation into the case involving the Vezhen ship, announced Navibulgar CEO Captain..
The Bulgarian Union of Balneology and SPA Tourism is organizing a round table on the topic "Bulgaria in Schengen - Challenges and Opportunities for..
MP Venko Sabrutev from PP-DB told BNT that the convergence report is the document that will determine whether Bulgaria is ready for the..
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