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Bulgarian MPs Vote on Flat Tax

Politics | November 9, 2007, Friday // 00:00| Views: 1997 | Comments: 1
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Bulgaria: Bulgarian MPs Vote on Flat Tax Bulgarian lawmakers from the ruling three-way coalition are expected to rubber stamp on Friday the introduction of the flat tax in the country starting from next year by amending the Taxation Act. File photo by Sofia Photo Agency.

Bulgarian lawmakers from the ruling three-way coalition are expected to rubber stamp on Friday the introduction of the flat tax in the country starting from next year by amending the Taxation Act.

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.
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#1
furian - 11 Nov 2007 // 23:05:41

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 !