Text size

Bulgaria's IT sector companies oppose proposed raise of social payments

published on 12/2/21 8:08 PM

Photo: BGNES

The proposed future Minister of Finance Asen Vassilev has announced on Facebook that the party "We continue the change" will increase the maximum insurance income in the country. Now insurance is due only on salaries up to 1,500 euros per month. Anything above this amount is not taxed. According to Vassilev, the maximum insurance income is at its lowest level since 2007.

The Bulgarian IT sector has stated that raising taxes will drive away their specialists abroad. "They are the main core of the nascent middle class that is so indispensable for the sustainable development of Bulgaria. In our country it is 5%," companies in the industry say in a latter. They point to the fact that currently the number of Bulgarians who pay social contributions on salaries up to 1,500 euro is 188,820 people. Of these, 47,335 are employed in the IT sector.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News IT sector salaries social contributions social payments

More from category

Fire in Voden under control, efforts towards the Greek border

The fire on the territory of the villages of Voden, Krainovo and Strandzha in the municipality of Bolyarovo has been controlled and localised. Interior Ministry teams will be on the ground to ensure that the fire does not flare up again, Interior Minister..

published on 7/22/24 5:32 PM

Salaries in Sofia are comparable to those in other European cities, expert says

The standard of living in Sofia and some larger cities in Bulgaria is high. However, more attention should be paid to the regions of the country that are significantly lagging behind in terms of income, economist Georgi Vuldzhev has..

published on 7/22/24 4:34 PM

Bulgaria is ready with new military aid package for Ukraine (UPDATED)

The formation of the next aid package for Ukraine is at the final stage and it can be submitted to the Council of Ministers today, said caretaker Minister of Defense Atanas Zapryanov, who participated in a conference on the occasion..

published on 7/22/24 3:32 PM