Time's Up: Last Call for Tax Returns in Bulgaria
As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria will keep its restrictive currency board system until it adopts the euro, according to the governance programme of GERB-lead coalition.
Keeping budget deficit and public debt low according to EU criteria and providing conservative and efficient management of state treasury and public debt are also part of the programme of the government coalition of centre-right GERB and right-wing Reformist Block backed by left-wing ABV and nationalist Patriotic Front.
The new government, which is expected to take office on Friday, also pledges to keep taxes unchanged and continue to maintain the level of re-distribution of budget resources by the state at up to 39% of GDP.
Other fiscal highlights of the programme include:
- Introduction of tax on capital market transactions;
- Adopting legislation that will limit the participation of offshore companies in Bulgaria’s economy;
- Increasing both budget revenue and revenue collection rate through structural changes and merger of the National Revenue Agency and the Customs Office;
- Restoring trust in the central bank through legislative and staff changes compliant with EU legislation;
- Adopting an update to the 2014 budget. Drafting and adopting 2015 budget bill.
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As the clock ticks down to midnight tonight, Bulgarians are reminded that April 30th marks the final day for filing their 2023 personal income tax returns
Bulgaria's National Bank has disclosed the country's external debt figures, revealing a notable increase in gross foreign debt at the end of February 2024
Fitch Ratings, a leading credit rating agency, has affirmed Bulgaria's Long-Term Foreign-Currency Issuer Default Rating at 'BBB' with a Positive Outlook
The National Statistical Institute reports that in 2023, the poverty line for the entire country stood at 637.92 BGN per person per month within households
Bulgaria's long-anticipated entry into the Eurozone may face a delay, as the country is unlikely to meet the inflation criterion required for the introduction of the euro on January 1, 2025
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022