The Ministry of Finance does not envisage an increase in taxes for next year. This was announced by the acting Deputy Prime Minister and Minister of Finance Lyudmila Petkova after the extraordinary meeting of the National Council for Trilateral Cooperation. A number of income and expenditure measures have been developed so that the balance in the treasury will be up to a 3% deficit of GDP on an accrual basis, Petkova also stated, quoted by BNR.
Today, the tripartite met at an extraordinary meeting in the Council of Ministers to discuss changes in the tax laws for 2025, proposed by the official cabinet. There are four bills – on changes to the Law on Corporate Income Taxation (CIT), on changes to the Law on Personal Income Taxes (PIT), on changes to the Law on Value Added Tax (VAT) and on changes to the Law on Excise and Tax Warehouses ( ZADS).