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

May 13 is Tax Freedom Day in 2024

Photo: BTA

The Institute for Market Economics has reported that it took 134 days for working Bulgarians to pay their debts to the treasury.

This day is almost always in the middle of May, economist Lachezar Bogdanov told BNR. According to him, there are big differences only in moments of crisis. "This is a measure of the total tax and social security burden in a country. This shows that Bulgaria is far from being some kind of tax or offshore paradise. We are not a country where the taxes are small. If you add up everything paid by business entities, citizens, property owners, everyone who carries out some kind of activity in the country, in fact a considerable burden is revealed, which is certainly more than 1/3 of what we create", Bogdanov said.



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

The money transferred by Bulgarian emigrants to their country increase by 15.7% in Q1 of 2025

Bulgarians working abroad sent over EUR 420 million to their relatives during the first quarter of 2025. This amount is EUR 66 million higher than in the same period of 2025. The largest sum was sent by the Bulgarian diaspora in the United States,..

published on 6/16/25 9:13 AM

The euro is a guarantee of stability, says Minister of Economy Petar Dilov

The positive convergence report will have a positive impact on people's standard of living and purchasing power, as well as on the country’s business environment, Bulgaria’s Minister of Economy Petar Dilov said in an interview with public service..

published on 6/7/25 11:03 AM

IME: June 3 is the day when taxpayers start working for themselves

According to the Institute for Market Economics , today marks the so-called Tax Freedom Day , reported BNR’s correspondent Natalia Ganchovska. This is the day on which taxpayers stop working to pay their taxes and start working for..

published on 6/3/25 1:47 PM