Bulgarian Fin Minister: The taxes will not increase in 2017


Taxes will not increase next year, promised Finance Minister Vladislav Goranov during a meeting of the National Council for Tripartite Cooperation (NCTC) on Tuesday.

According to him, the only tax increases the overall tax burden will come under the excise duty levied on tobacco products.

Next year, however, yet increasing insurance fund “Pensions” to 1 BC. Point. It also enters into total tax burden. In 2017 tax and social security burden on labor as % of total costs of employers will increase to over 34% due to the increase in payroll taxes. 2018 it will increase by another 1 percentage point. In addition to the indirect tax burden on each individual exceeds 50% of its gross income.