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

Bulgaria is hosting the Best Warrior International Military Competition

The inaugural International Military Competition, 'Best Warrior', is set to take place on 25 and 26 June 2025 at the Vasil Levski National Military University in Veliko Tarnovo . The tournament is organised by the Ministry of Defence, the Defence Staff..

published on 6/25/25 7:35 AM

Sunny and hot weather expected on Wednesday

Sunny weather is in the forecast for Wednesday. It will be hot in the plains and lowlands around and after noon. There will be a light northerly and northwesterly wind, turning to moderate in Eastern Bulgaria. Maximum temperatures will range between..

published on 6/24/25 6:35 PM

Mobile consular services to be held in the Balearic Islands in September

In cooperation with the Bulgarian Cultural and Spiritual Centre “Sveta Sofia” in the Balearic Islands, the Consulate General of Bulgaria in Valencia will hold mobile consular days in the town of Santanyí on 13 and 14 September 2025. According to an..

published on 6/24/25 6:07 PM