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

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

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!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Innovate VT encourages young entrepreneurship in tech

A two-day hackathon Innovate VT, vol. 2 will bring together young talents at the Vasil Levski National Military University in Veliko Tarnovo on 12 and 13 November, the Bulgarian news agency BTA reports. The event is organized by the..

published on 11/12/24 8:10 AM

Dobrich hosts international conference dedicated to Polish-Hungarian King Vladislav Varnenchik

The Regional Museum of History in Dobrich and the Maria Curie-Sklodowska University in Poland are organizing an international scientific conference dedicated to the Polish-Hungarian King Vladislav Varnenchik. The event will take place online on..

published on 11/12/24 7:50 AM

Constitutional Court opens case contesting elections for 51st National Assembly

The Constitutional Court has opened a case on the results of the elections for the 51st National Assembly. A message on the institution's website states that the case was initiated at the request of 58 MPs of the 50th National Assembly. Referring..

published on 11/11/24 6:29 PM