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Bulgarian Parliament Considering Tax Exemption for Minimum Wage Employees

|Proposed Changes|Bulgaria
Bulgaria

The Bulgarian parliament is considering a draft bill submitted on 14 October 2020 that would provide tax relief for minimum wage employees. This includes a personal income tax exemption for individuals when two conditions are met:

  • The individual only derives income from employment during the year; and
  • The income derived during the year does not exceed 12 minimum monthly wages for the respect…

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