October 30 2018

Draft Budget Acts approved by Council of Ministers

Source: IBFD Tax Research Platform News

After approval by the Council of Ministers, the following draft acts were submitted to the parliament on 29 October 2018 where they will be voted on during two readings.

Draft State Budget Act for 2019

The draft act proposes an increase of the minimum salary to BGN 560 (currently BGN 510) from 1 January 2019. For previous reporting, see http://www.diacrongroup.com/en/tax-news/state-budget-for-2019-increase-of-minimum-salary-proposed/.

Draft Act on the Budget of the State Social Security for 2019

The draft act indicates that the social security rates will remain unchanged in 2019. It is proposed, however, to increase the maximum monthly social security base from BGN 2,600 to BGN 3,000 from 1 January 2019.

Draft Act on the Budget of the National Health Insurance Fund

The document provides that the health insurance contribution rate will remain the same in 2019, i.e. 8%.

Further developments will be reported when they occur.