Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Ministry of Finance proposes tax amendments

Photo: BGNES, archive

After the Council of Ministers approved a draft of a state budget act for 2023 with a 3% deficit, the Ministry of Finance published a draft of amendments to the Code of Tax and Social Security Procedure for public discussion.

The draft proposes tax amendments aimed at creating additional sources of revenue in the state budget so as to improve revenue collection with the aim of attaining the budget deficit set down. The amendments include doing away with some of the tax and excise duty rebates introduced over the health and the economic crisis during the past three years, having failed to demonstrate their efficiency as regards any benefits for consumers and for the market. A solidarity installment on excess profits generated in the 1 July, 20223-31 December, 2023 period is also proposed. 



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Nikolay Denkov

Nikolay Denkov: Any attempts to form a stable government would be a complete illusion

“This parliament is like quicksand – war in the Movement for Rights and Freedoms, a split Bulgarian Socialist Party, Velichine falling apart,” said former PM Nikolay Denkov, chair of the parliamentary group of We Continue the Change/Democratic..

published on 7/13/24 2:11 PM

Chief Commissioner Alexander Dzhartov: There are no towns or villages at risk from the fires

“No towns or villages are at risk from the fires that have broken out around the country,” Chief Commissioner Alexander Dzhartov, Director of the General Directorate Fire Safety and Civil Protection said for the BNR. Partial state of..

published on 7/13/24 11:59 AM
The Council of Ministers building

Caretaker government proposes poverty line of EUR 325 for 2025

A draft decision by the Council of Ministers, published for discussion, envisages a poverty line of 638 Leva (a little over EUR 325). The poverty line for this year stands at 526 Leva (a little over EUR 268), or an increase of 21%. The proposal..

published on 7/13/24 11:28 AM