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Budget for 2014

25 December 2013

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Proposed Changes

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Bulgaria

On 11 November 2013, the parliament started discussions on the Budget for 2014 proposed by the Ministry of Finance. The most important features of the Budget, which will generally apply from 1 January 2014, are as follows: -   The cap of the monthly social security base will be increased to BGN 2,400 (currently BGN 2,200). -   The cap for pensions will be increased to BGN 840 per month (currently BGN 770). -   The child relief after the first year of maternity leave will be increased to BGN 340 (currently BGN 310). -   The current tax rates...