Other changes include an increase in non-taxable income
from 173 manats to 200 manats, differentiation of social insurance rates, various benefits for stimulating non-cash income, unification of simplified tax, extension of benefits for farmers etc..
Speaking Monday at a forum organized by the Confederation of Independent Trade Unions in Bulgaria (CITUB), Ademov admitted that the introduction of non-taxable income
amounting to the minimum monthly wage would increase disposable income, yet at the same time would bring about a huge deficit of around BGN 600-700 M in the revenue part the state budget.
The very people who are supposed to exercise control over government spending and protect the interests of the taxpayer forget these responsibilities when it comes to their own remuneration.How else can we explain the fact that the non-taxable income
of a deputy -- representation and travel allowance -- which amounts to ee1/430,000 per year is incorporated in the calculation of their pension?
The result was the best in the company's history, and was boosted by a non-taxable income
of DKK38.3m from the sale of Hedegaard Service.
18, for example, the taxpayer incurred expenses for financial advice and services in earning both taxable and non-taxable income
. The Tax Court held that absent evidence of a more reasonable method, it would allocate lump-sum expenses to exempt and non-exempt income in the proportion that each bears to total income.
"We are not running after France's Hollande but incomes exceeding 10 minimum wages must be subject to a new tax rate of 15% and a non-taxable income
amounting to the minimum wage must be introduced," Dimitrov stated.
As of January 1, 2008, Bulgaria introduced a 10% flat tax applicable for all income levels, i.e., there is no non-taxable income
Should we mention the non-taxable income
all deputies and top state officials are paid and which is included in the calculation of their pensions?