Text size

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

published on 12/2/21 8:08 PM

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!

Radio Bulgaria News IT sector salaries social contributions social payments

More from category

Protest in Velingrad in support of farmers with flocks which tested positive for sheep and goat plague

A protest took place in Velingrad in support of the farmers whose flocks of sheep have been quarantined because of positive tests for sheep and goat plague. To stop the spread of the disease, access to the area around the farms has been..

published on 11/30/24 1:10 PM

EC gives Bulgaria 6 months to introduce necessary reforms under the Recovery and Resilience Facility, or it may lose EUR 653 million

Bulgaria will be given six months to carry out the necessary reforms connected with the liberalisation of the energy market , otherwise it stands to lose EUR 653 million which it should receive as a second payment under the Recovery and..

published on 11/30/24 11:55 AM

Honey festival in Pleven attracts visitors from near and far

The second edition of the Festival of Apiculture Products continues in Pleven. The exposition features honey and apiculture products, as well as honey cosmetics. The initiative for the event belongs to the regional apiary union and the Pleven..

published on 11/30/24 10:09 AM