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Housing Tax Changes

Day 265, 05:59 • Published in Bulgaria

• by Krembo

Following BDPs political and economical programme the first congress vote is being held today.

As stated in our programme the aim of raising the VAT for Housing from 5% to 10% in in response to our promise to have all VAT taxes in Bulgaria at the same level.

This increase will compensate the state budget for the upcoming lowering of Income Tax (also part of the BDPs programme).Practically this increase will not influence the eBulgarians' pockets, since the actual increase for a house Q1 will be about 7 BGN. At the same time the lower Income Tax proposal (if acceted)will in fact lead to an increase of the daily salaries.

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