The Bulgarian Government has confirmed that it intends to introduce a higher rate of tax for the wealthy during 2015. A new 15% rate would apply to those earning more than BGN2,700 (USD1,900) per month instead of the flat 10%. Other measures included removal of the flat tax for those on the lowest incomes and the ability for people who earn the minimum wage during 2014 to be able to claim income tax relief via a simplified tax return form.
Related Posts
Andorra: General Council approves ratification of tax treaty with Bulgaria
October 26, 2026
Andorra’s General Council (parliament) approved the ratification of its income and capital tax treaty with Bulgaria,
Read More
Bulgaria amends tax procedure code to implement DAC8 and DAC9, revise transfer pricing rules
October 22, 2026
Bulgaria's government has promulgated the Law amending the Tax and Social Security Procedure Code (TSSPC), published in
Read More
Bulgaria proposes 33% windfall tax in 2027 draft budgetary plan
October 22, 2026
Bulgaria submitted its Draft Budgetary Plan for 2027 to the European Commission and the Eurogroup on 15 October 2026.
Read More
Bulgaria consults ViDA-aligned VAT rules and e-invoicing
October 02, 2026
Bulgaria's Ministry of Finance opened a public consultation on 23 September 2026 on the Draft Law on Amendments to the
Read More
Bulgaria consults on Pillar Two safe harbour package
September 29, 2026
Bulgaria's Ministry of Finance opened a public consultation on 23 September 2026 on a draft law on Amendments and
Read More
Bulgaria introduces new transfer pricing rules aligned with OECD guidelines
September 25, 2026
Bulgaria's new Ordinance on Transfer Pricing Methods Application (the New Ordinance) entered into effect on 1 January
Read More