The flat tax had a positive influence for the budget and this is an important result. The low tax rates are mostly criticized, because they don`t insure enough incomes to the budget and they “take the blood” out of the government and the social system. In this case it is [...]
Continuing from New Tax Rates in Greece As From The Beginning of 2013 – Part I The law decreases the number of tax categories from eight to three and imposes 42% rate of the incomes over 42 thousand Euro annually. Up to now incomes over 60 thousand euro annually were [...]
The last report of the European Commission on the growth of the EU member states, dated 23th February 2012, provides that despite of the expectations for recession in the Eurozone in general, Bulgaria is expected to demonstrate a steady economic growth and for that reason it is ranked 5th among [...]
The VAT rules and regulations in the European Union are changing and developing all the time. Since 1st of July 2011 there is a new concise piece of guidance which is called the EU VAT regulation. This article will discuss some of the main aspects of this Regulation. The Regulation [...]
The Tax System In Bulgaria – Brief Description – Part I The Tax System In Bulgaria – Brief Description – Part II LAW FOR PERSONAL INCOME TAXATION Under the regulation of this law are individuals – resident or non-residents, local or foreign citizens. The following incomes are not under the [...]
