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LABOUR UNION IN BULGARIA SUGGESTS INCREASE IN MINIMAL NON-TAXABLE INCOME
14:00 Tue 06 Mar 2007
 

KNSB labour union suggested an increase in the minimal non-taxable income from 200 to 240 leva from 2008.

The currently used taxation scale should remain in force, KNSB deputy chair Plamen Dimitrov said during a discussion on Bulgaria’s taxation and social security policies.

Income varying between 240 leva and the average wage should be taxed by 14 per cent, KNSB said as quoted by Bulgarian news agency BTA.

Wages located between the average and twice its value should be taxed by 18 per cent and income exceeding that level should be subjected to 22 per cent taxation.

Parents having one child should benefit from 90 leva monthly aid, KNSB said. Aid for a second child could reach up to 60 leva per month.

Aid for third and fourth children cannot be allocated due to the lack of state financial resources, KNSB said.

 
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