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

Bulgaria to grant WHO EUR 100,000 in aid for the civilian population in Gaza

The Council of Ministers has approved the draft of a donation agreement between the World Health Organization and Bulgaria on the provision of a voluntary contribution, amounting to EUR 100,000, in support of the activities of the organization in the..

published on 11/21/24 9:20 AM
Ivan Kondov (L) and Igli Hasani

Foreign ministers of Bulgaria and Albania reaffirm support for accelerated construction of Corridor 8

Bulgaria’s caretaker Foreign Minister Ivan Kondov and his Albanian counterpart Igli Hasani confirmed the firm commitment of the two countries to the accelerated construction of transport Corridor 8. Romania has asked to join the construction..

published on 11/21/24 9:04 AM

Gale-force winds inflict damage in Vratsa and the environs

Winds of up to 120 kms. per hour inflicted damage in Vratsa, the biggest town in Bulgaria’s Northwest. Dozens of reports have come in of fallen trees and branches onto vehicles and roads, damaged equipment and torn overhead cables. There were..

published on 11/21/24 8:43 AM