Text size

Interim Finance Minister promises no tax or social contribution increases in 2025

Ministry of Labour and Social Policy proposes increase in the pension insurance contribution

published on 11/18/24 4:46 PM

Lyudmila Petkova

Photo: BTA

Deputy Prime Minister and Finance Minister Lyudmila Petkova has pledged that there will be no increase in social contributions, corporate or personal income taxes in 2025. The Covid-19 pension supplements will not be discontinued and the budget deficit for 2025 will remain within 3% of GDP, fulfilling the requirements for Bulgaria's entry into the eurozone.

Budget revenues will be boosted by an increase in excise duties on cigarettes, a review of whether VAT on bread should remain at 0%, a restoration of other VAT to its pre-pandemic level of 20%, and more efficient collection of tax and social contribution arrears.

Meanwhile, the Ministry of Labour and Social Policy has published an analysis of the mandatory pension insurance system on its website. The report proposes a number of measures, including an increase in the pension insurance contribution rate and the abolition of the EUR 30 COVID-19 supplement for new pensioners.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News 2025 labour and social policy ministry of finance pensions social contribution tax increases

More from category

Bulgaria–North Macedonia commission on historical and educational issues reports no progress

The meeting of the Joint Multidisciplinary Commission of Experts on Historical and Educational Issues between Bulgaria and North Macedonia in Skopje ended without progress, BTA reported. On February 21 and 22, the Commission once again..

published on 2/23/25 10:14 AM

Ursula von der Leyen condemns the attack on the European Commission building in Sofia

Police are searching for all those involved in the clashes in front of the European Commission building in Sofia on Saturday, February 22, Bulgaria’s Minister of Interior Daniel Mitov told public broadcaster BNT. ''Outrageous scenes in Sofia..

published on 2/23/25 9:54 AM

Sunny but cold Sunday expected in Bulgaria

It will be cold with minimum temperatures between minus 14°C and minus 9°C, in places in the northeastern regions up to minus 16°C, for Sofia - around minus 9°C. On Sunday it will be mostly sunny. Before noon in some places in the plains and..

published on 2/22/25 6:24 PM

WEATHER

Pick city: Sofía

Cloudy
Min: -2 | Max: 11

BULGARIA IN PICTURES

Which world-famous Bulgarian artist designed QSL cards for Radio Bulgaria?

Share

Interim Finance Minister promises no tax or social contribution increases in 2025

Ministry of Labour and Social Policy proposes increase in the pension insurance contribution

More from category

Bulgaria–North Macedonia commission on historical and educational issues reports no progress

Ursula von der Leyen condemns the attack on the European Commission building in Sofia

Sunny but cold Sunday expected in Bulgaria

Bulgaria meets the final criterion for eurozone membership and will request a convergence report

Bulgaria, Hungary, Romania and Slovakia call on EC to restore pre-war import quotas for Ukrainian agricultural products

Mayors from Balkan countries gather at B40 forum in Sofia