Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

VAT on some products to remain lower next year

Photo: library

Representatives of the four political forces, which are discussing the possibility of forming a coalition government have agreed that the taxes on some goods should remain lower as an anti-crisis measure. Representatives of "We Continue the Change" said they had no plans to make changes in the tax system next year. Assen Vassilev, co-chair of "We Continue the Change", who will probably take the position of Minister of Finance, has agreed to raising the threshold for VAT registration to 50,000 euros in 2023 and 80,000 euros in 2024 under strict connectivity control and high fines. Vassilev also suggested that all withdrawals from a bank over 5,000 euros and transfers abroad over half a million euros should be reported to the National Revenue Agency.

The parties also agreed on the idea of introducing a coefficient for determining the maximum social insurance threshold. At the initiative of BSP, the four parties agreed that the minimum monthly salary should not be lower than 350 euros and after that it should become a fixed percentage of the national average.

On the last day of the talks the experts from the four parties agreed on the main points related to finances and that the budget for 2022 would be adopted by the end of January.




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

Bulgarian scientist leads NASA team searching for planets beyond Solar System

Bulgarian-born scientist Dr Ellie Hadjhiyska Schmelzer is leading a team working on NASA’s Transiting Exoplanet Survey Satellite (TESS) mission, a space project dedicated to identifying planets outside the Solar System, BTA reported. Hadjhiyska..

published on 11/24/25 5:12 PM
Vice President Iliana Iotova

Bulgaria lacks unified refugee policy, Vice President Iotova says

Bulgaria lacks a coherent national policy on refugees despite continued migrant flows , Vice President Iliana Iotova said on Wednesday, calling for a lead institution to coordinate integration efforts. Speaking at a roundtable event on the..

published on 11/24/25 4:49 PM

Sofia forum highlights expanding Bulgaria–China research cooperation

Bulgarian and Chinese researchers discussed scientific cooperation at a forum in Sofia on Friday, attended by representatives of the Bulgarian Academy of Sciences (BAS), government officials, economists and public figures.  Organised jointly by the BAS..

published on 11/24/25 4:20 PM