The tax on interest income is increased again to 10%

November 23,2014-2:11 PM

The tax on the interest earned on deposits will become again 10% from 2015. The tax will be applied on all kinds of deposits (not only on deposits with fixed maturity terms) excluding deposits in favour of children. Meanwhile the World Bank ranked Bulgaria 89th among the countries with the heaviest tax burden in the world. The survey was conducted in 189 countries.

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