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

VAT on some products to remain lower next year

Photo: library

Representatives of the four political forces, which are discussing the possibility of forming a coalition government have agreed that the taxes on some goods should remain lower as an anti-crisis measure. Representatives of "We Continue the Change" said they had no plans to make changes in the tax system next year. Assen Vassilev, co-chair of "We Continue the Change", who will probably take the position of Minister of Finance, has agreed to raising the threshold for VAT registration to 50,000 euros in 2023 and 80,000 euros in 2024 under strict connectivity control and high fines. Vassilev also suggested that all withdrawals from a bank over 5,000 euros and transfers abroad over half a million euros should be reported to the National Revenue Agency.

The parties also agreed on the idea of introducing a coefficient for determining the maximum social insurance threshold. At the initiative of BSP, the four parties agreed that the minimum monthly salary should not be lower than 350 euros and after that it should become a fixed percentage of the national average.

On the last day of the talks the experts from the four parties agreed on the main points related to finances and that the budget for 2022 would be adopted by the end of January.




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

President Rumen Radev meets the Bulgarian community in Singapore

President Rumen Radev met with Bulgarians living and working in Singapore during his visit to the Asian country on November 22-24. There are an estimated 400 Bulgarians living in Singapore. "Our diaspora in Singapore occupies a very special..

published on 11/23/24 10:07 AM

Sunny yet cold weather expected on Saturday

The weather on Saturday will be mostly sunny over most of Bulgaria. There will be considerable clouds in eastern Bulgaria before midday and rainfall is expected in the eastern areas, but precipitation will stop also there and clouds will break...

published on 11/22/24 7:35 PM

Greece reinforces police at Promakhon checkpoint on border with Bulgaria to speed up border crossing

Authorities in Greece will deploy more police officers at the Promakhon checkpoint on the border with Bulgaria to speed up the processing of documents for people and vehicles crossing the border, reports BNR's correspondent in Greece, Katya Peeva...

published on 11/22/24 6:09 PM