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.
On Thursday the weather will be sunny. There will be light wind in the Danube Plain and Eastern Bulgaria to a moderate wind from the eastern quarter. Daytime highs will be between 28°C and 33°C , in Sofia – around 29°C. Along the..
Bulgarian President Rumen Radev was present at the opening of a new high-tech plant of the German concern Rheinmetall at the invitation of the company's CEO Armin Papperger. The plant, located in Unterlüß, Lower Saxony, will produce 155-millimeter..
The government has decided to increase the capital of the Bulgarian Development Bank by 4 billion levs (over 2 billion euros). The money will be invested in new industrial zones, in the construction of new water supply networks, as well as in the..
As of January 1, 2026, the minimum monthly wage will be set at 1,213 BGN (EUR 620.20). This represents a 12.6% increase, or 136 BGN (EUR 64.4) more than..
The epizootic situation in Plovdiv District remains complicated due to the ongoing outbreak of sheep and goat pox. In an effort to contain and prevent..
On Wednesday it will be sunny. There will be scattered high clouds over the western and northern regions of the country. There will..
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