Bulgarian MPs Vote on Flat Tax
In summer, the leaders of the coalition have agreed to scrap the existing progressive taxation system with three income brackets and introduce a flat income tax of 10% starting from 2008.
The MPs have to amend the law before voting on next year's draft budget, which has been filed by the cabinet last week.
Other issues on the legislature's agenda include amendments to the laws on classified information, explosive substances and weapons, as well as the law for film industry.
MPs are also due to hear out four cabinet ministers for a regular questions and answers session - disasters management minister Emel Etem, finance minister Plamen Oresharski, interior minister Rumeon Petkov and transport minister Petar Mutafchiev.
- » Bulgaria Registers 2 % Decrease in Unemployment in 2014 – Eurostat
- » New Fence at Border with Turkey Will Be 4 Times More Expensive
- » Bulgarian Government Dismisses Director of Employment Agency
- » Bulgaria, Switzerland to Cooperate on Raising Motivation of Prosecutors
- » Defence Minister Confirms NATO Is to Station Command Centre in Bulgaria
- » Bulgaria Has Capacity To Host More Refugees
That is nice ! Flat tax of 10% ? I have to say - they are lawmakers those good old buddies in the Parliament ? Hm, I wonder if EU has said something about laws being made but never implemented ? Do not overdo it, dear hardworking MPs ! Everything takes time and in Bulgaria more time than in most other countries !