Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bulgaria’s business opposes changes to tax system

Photo: archive

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. 




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

The emblematic monument of Hristo Botev in Bulgaria's Vratsa dismantled for restoration

The emblematic monument of Bulgaria's national hero - the poet-revolutionary Hristo Botev in the center of the city of Vratsa has been dismantled for restoration . For this purpose, the nine-meter statue will be transported to a specialized workshop in..

published on 3/14/25 5:38 PM

Provadiya-Solnitsata prehistoric complex nominated for European Heritage Label

The prehistoric complex "Provadiya-Solnitsata" - the oldest salt production and urban centre in Europe (5600 - 4350 BC) - is among the sites nominated for the European Heritage Label 2025. This year, the European Commission received a total of 21..

published on 3/14/25 5:15 PM
EnduroSat CEO Raycho Raychev (centre), Bulgarian Ambassador to the US Georgi Panayotov (right) and a representative of the US House Committee on Science, Space and Technology.

Bulgarian ambassador and EnduroSat CEO meet U.S. science, space, and technology experts

Bulgarian Ambassador to the United States Georgi Panayotov and Raycho Raychev, founder and CEO of the Bulgarian company EnduroSat , met with experts from the US House of Representatives Committee on Science, Space and Technology. This was announced..

published on 3/14/25 4:45 PM