If you take advantage of the tax relief for children (and children with disabilities), the new amounts that will be deducted from the annual tax base of the employee are for 1 child – BGN 6,000, for 2 children – BGN 12,000, for 3 or more minors – BGN 18,000, for 1 child with > 50% disabilities – BGN 12,000.
The tax relief for children can be receive in advance!
The tax relief can be used in July, while the taxes that are reduced are those from January to June. For the second half of 2022, you can benefit from the tax relief every three months, that are the periods July-September and October-December.
If one of the parents’ income is not enough to benefit from the full tax relief, the remaining amount can be used by the other parent.
When the advance tax relief is used, a declaration in free text must be submitted, which must contain a declaration by the employee that:
- the same meets the conditions
- that the tax relief will not be used by the other parent
- that the tax relief will not be used with another employer
