Send to Kindle
Economists and the central bank have slammed the government's decision to introduce a 10% tax on bank deposit income, saying this would dent people's savings and shake the bank system foundations due to capital outflow. Photo by Sofia Photo Agency
Banks in Bulgaria will automatically collect the tax on people's income on their bank deposits and submit it to the state budget once per month, the government has proposed.
The new 10% levy on people's income on their bank deposits is expected to come into force from next year.
Bulgarians will be obliged to include the income on bank deposits in their tax declarations a year later – in 2014 – after the taxation process is streamlined, the finance ministry has suggested.
Economists and the central bank have slammed the government's decision to introduce a 10% tax on bank deposit income, saying this would dent people's savings and shake the bank system foundations due to capital outflow.
The government said the new tax aims to raise BGN 120 M and force richer people to pay taxes on the income they earn from bank deposits.
Discussion around the admission of third-country workers to the Bulgarian labor market has intensified, often with emotions running high.
Bulgarians are reminded that annual tax returns must be filed by the end of April, with any additional tax due to be paid in euros
On Tuesday, much of Bulgaria will remain under considerable cloud cover.
The Bulgarian Food Safety Agency has detected bacterial contamination and mold in several sandwiches distributed in schools during a series of inspections
Producers of basic food products in Bulgaria are warning that the continuing rise in fuel prices could soon be reflected in the cost of goods on the market.
As of March 16, 2026, Bulgaria’s major and complex dams hold a total of about 4,892.4 million cubic meters of water, which corresponds to roughly 74.85% of their overall storage capacity
The withdrawal of the Bulgarian lev from circulation is nearing completion, according to the latest data from the Bulgarian National Bank. The central bank reports that approximately 89 percent of lev banknotes and coins have already been collected and re
A recent study by the Association for Responsible Non-Banking Lending (AONK) shows that nearly a quarter of Bulgarians have used quick loans at least once in their lives. The findings were presented by the organization’s chairman, attorney Nikolay Tsvetko
Bulgaria has effectively completed its transition to the euro, with the bulk of the leva already withdrawn from circulation.
Bulgaria’s economy expanded by 3.0% in the fourth quarter of 2025 compared to the same period in 2024, according to preliminary figures from the National Statistical Institute. On a quarterly basis, seasonally adjusted data indicate a growth of 0.8% relat
Bulgaria has effectively completed the transition period for adopting the euro, though formal legal adoption remains pending
Bulgarian National Bank Governor Dimitar Radev took part in a meeting of EU Heads of Mission held under the European Presidency of the Republic of Cyprus
Aniventure Comic Con Returns to Bulgaria with Star Guest Christopher Judge!
Global Fuel Shock: Oil Jumps Over 40% Since Iran War Began
