Send to Kindle
Photo by BGNES.
An expert group will start working on tax on uncultivated lands by end-May, Bulgaria's Agriculture Minister Dimitar Grekov announced at a meeting with agricultural associations
The new tax seeks to stimulate owners to lease uncultivated lands to cooperatives and to local companies in order to utilize fertile agricultural lands.
Experts will determine the new tax amount, define the difference between uncultivated and unclaimed lands, as well as decide on the abandoned lands. The expert group will include specialists from the Agriculture ministry and business representatives, Minister Grekov said.
"Such a tax would make land owners consider taking the appropriate measures, namely lease the uncultivated land, or put these lands for sale," said the chair of the Bulgarian Association of Agricultural Producers Ventsislav Varbanov.
The National Association of Municipalities in Bulgaria indicated that the uncultivated or abandoned lands are a serious problem and a potential tax on them would be hard to collect as many of the owners have left the country.
The amount of uncultivated land comes up to a total of 1.6 million decares, which brings some BGN 15-16M to the state budget annually, Darik news reports.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
The Finance Minister, Assen Vassilev, refuted any connection between ongoing tax inspections at numerous Austrian companies and Austria's recent rejection of Bulgaria's Schengen accession
Croatia has ushered in a new fiscal landscape, as nine tax laws come into effect on January 1, boosting the minimum wage to 830 euros, as reported by Croatian Prime Minister Andrej Plenkovic
Bulgaria ushers in the new year on a different note, as the State Budget Act for 2024 gets the green light, marking a departure from previous years of budgetary uncertainties
Bulgarian MPs have greenlit a significant shift in consumer rights, deciding that individuals won't be obliged to pay for goods or services if they haven't received a proper receipt
The parties that support the government have agreed on this
The Parliament has endorsed key amendments in the tax insurance procedural code, notably slashing the cash payment threshold from BGN 10,000 to BGN 5,000
New data from the National Statistical Institute (NSI) sheds light on the housing landscape in Bulgaria, painting a picture of the majority of Bulgarians residing in older homes.
Bulgaria has witnessed a remarkable surge in home loans at the beginning of the year, with loans for households for the purchase of houses and apartments reaching a record high of BGN 20.52 billion by the end of February
The housing market in Bulgaria witnessed mixed trends in the fourth quarter of 2023, with overall prices experiencing a modest increase of 1.2%
Bulgaria witnessed a staggering surge in mortgage loans in 2023, totaling a monumental BGN 6.39 billion
Amidst the backdrop of Bulgaria's dynamic real estate landscape, all eyes are on the potential impact of the country's imminent entry into the Eurozone
This information was shared during the presentation of data on the current state of the market to journalists
UN Happiness Report: Bulgaria's Astonishing Leap in Rankings
Bulgaria: 3 Regions With Lowest Life Expectancy - EU Report 2022
