Podcast in English
Text size
Bulgarian National Radio © 2025 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

41.5% of Bulgarians expect their personal finances to deteriorate in 2026

More and more Bulgarians fear about the future security of their finances . This is shown by a survey by the sociological agency "Measure", conducted between October 5 and 13, 2025 among 801 adult Bulgarian citizens.  Almost 60% of workers in..

published on 10/29/25 3:23 PM

Almost 60% of workers in Bulgaria earn wages below the subsistence minimum

The necessary net monthly income for subsistence for a worker living alone in September 2025 is 1,547 leva (748 euros) . For a three-member family with a child under 14, 2,785 leva (1,346 euros) are needed. This was announced by Violeta Ivanova, deputy..

published on 10/29/25 2:32 PM

CEM has been reminded that communism in Bulgaria has been declared criminal by law

Prof. Vili Lilkov and lawyer Petar Slavov have notified the Council for Electronic Media (CEM) for illegal broadcasting of the 1969 series "Every Kilometer", the website of the Union of Bulgarian Journalists sbj-bg.eu reports. An..

published on 10/29/25 11:12 AM