Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Bulgarian National Assembly Committee on Budget and Finance rejects President Radev’s veto on Corporate Income Tax Act

Photo: Ani Petrova, BNR

The Bulgarian National Assembly Committee on Budget and Finance rejected President Radev’s veto on the Corporate Income Tax Act. The most discussed topic regarded the increased tax on older vehicles. The Chairperson of the National Assembly Committee on Budget and Finance Menda Stoyanova defended the decision of the committee and explained that “owners of twenty- year-old (65 kw) vehicles who paid EUR 15 per year will now pay EUR 35 under the new methodology and the difference is roughly the price of a pack of cigarettes per month”. In President Radev’s view, a higher tax will not encourage the replacement of older cars with new ones and that the new rules will place the tax burden on the people with low incomes and the small and medium-sized business.




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

President Radev congratulates the lawyers on Constitution Day

On this date, we gratefully remember the foresight, political wisdom and sense of responsibility of the participants in the Constituent Assembly, who adopted the Tarnovo Constitution 145 years ago in Tarnovo and laid the foundations..

published on 4/16/24 10:14 AM

Germany supports Bulgaria’s membership in the Schengen area

Caretaker Minister of Interior Kalin Stoyanov and German Federal Minister of the Interior Nancy Faeser visited the "Kapitan Andreevo" border checkpoint and the border between Bulgaria and Turkey . The two discussed Bulgaria's..

published on 4/16/24 9:49 AM
Dimitar Glavchev

PM Glavchev offers replacement of the caretaker foreign minister

Caretaker Prime Minister Dimitar Glavchev offers Daniel Mitov to take the position of caretaker Minister of Foreign Affairs, replacing career diplomat Stefan Dimitrov. This was announced by the press service of the Council of Ministers. The proposal..

published on 4/16/24 8:36 AM