After the Council of Ministers approved a draft of a state budget act for 2023 with a 3% deficit, the Ministry of Finance published a draft of amendments to the Code of Tax and Social Security Procedure for public discussion.
The draft proposes tax amendments aimed at creating additional sources of revenue in the state budget so as to improve revenue collection with the aim of attaining the budget deficit set down. The amendments include doing away with some of the tax and excise duty rebates introduced over the health and the economic crisis during the past three years, having failed to demonstrate their efficiency as regards any benefits for consumers and for the market. A solidarity installment on excess profits generated in the 1 July, 20223-31 December, 2023 period is also proposed.
“Five people from the parliamentary group are going to be “torn apart” during the voting for a cabinet but will, most probably, not give their support,” Ivelin Mihaylov, one of the founders of Velichie party said for the BNR. GERB-SDS..
In an analysis of the pension system in Bulgaria, the International Monetary Fund urges the country to raise pensions by raising social security contributions and doing away with the maximum insurable earnings. According to the analysis, pensions in..
Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
Bulgaria’s national team of mathematics put up an excellent performance at the Junior Balkan Mathematical Olympiad. Six Bulgarian students returned from..
Bulgaria’s President Rumen Radev handed the first cabinet-forming mandate to Rossen Zhelyazkov who is the prime minister-designate of the largest..
On Tuesday the weather will be sunny and hot over most of the country. Clouds will form over Western and Central Bulgaria in the afternoon and there..
Partly cloudy, chance of rain
Mostly Cloudy
sunshine, cloud, rain and thunder