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

May 13 is Tax Freedom Day in 2024

Photo: BTA

The Institute for Market Economics has reported that it took 134 days for working Bulgarians to pay their debts to the treasury.

This day is almost always in the middle of May, economist Lachezar Bogdanov told BNR. According to him, there are big differences only in moments of crisis. "This is a measure of the total tax and social security burden in a country. This shows that Bulgaria is far from being some kind of tax or offshore paradise. We are not a country where the taxes are small. If you add up everything paid by business entities, citizens, property owners, everyone who carries out some kind of activity in the country, in fact a considerable burden is revealed, which is certainly more than 1/3 of what we create", Bogdanov said.



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

New destinations and digital solutions in tourism at the Holiday and SPA Expo 2025 in Sofia

From March 9 to 11, 2025, Inter Expo Center in Sofia plays host to the 41st edition of Holiday & SPA Expo. The event, organized with the support of the Bulgarian Ministry of Tourism, traditionally becomes a meeting point for leading experts,..

published on 3/8/25 7:10 AM
Minister of Finance Temenuzhka Petkova

Finance Minister Petkova expects the budget for 2026 to be in euros

The budget for 2025 is feasible and will likely be the last one in Bulgarian leva, Minister of Finance Temenuzhka Petkova said in an interview with bTV. The draft law on the state budget for 2025 has been prepared without increasing existing..

published on 3/3/25 11:07 AM

Bulgarian-Ecuadorian business forum to be held in March

A Bulgarian-Ecuadorian Business Forum will be held in Bulgaria, jointly organized by the Bulgarian Chamber of Commerce and Industry and the Pro Ecuador office in Italy, accredited for Bulgaria.  The event will take place on March 13, 2025 at the..

published on 2/28/25 2:03 PM