OrbitaxOrbitax

Bulgaria Considering Income Tax Exemption for Young Workers

|Proposed Changes|Bulgaria
Bulgaria

The Bulgarian parliament is considering a draft bill submitted by the government on 21 April 2021 that includes measures meant to support younger persons and families. One of the main measures is the introduction of a general personal income tax exemption on employment income of individuals under the age of 26. The bill also includes measures for an increase in the annual deduction for parents…