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

Bulgarian Foreign Ministry issues warning over national strike in Belgium on 25 June

The Bulgarian Ministry of Foreign Affairs (MFA) has issued a warning about a national strike in Belgium on 25 June 2025, organised by the trade unions. As part of the planned protest, all departing flights from Brussels' Zaventem International..

published on 6/24/25 5:53 PM

Bulgaria’s MFA: Our concerns regarding North Macedonia are linked to the rights of Bulgarians to self-determination

The Ministry of Foreign Affairs has taken note of the European Parliament’s Foreign Affairs Committee (AFET) report on the Republic of North Macedonia’s progress, including its assessments and findings on the country's European integration process...

published on 6/24/25 4:26 PM

The AFET adopted a draft report on Skopje's progress and rejected the amendments proposed by Bulgaria

The European Parliament’s draft report on the Republic of North Macedonia’s progress toward EU membership was adopted by the Foreign Affairs Committee (AFET) with 40 votes in favour, 19 against and 10 abstentions, according to a report by BTA...

published on 6/24/25 3:10 PM