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KT "Podkrepa" wants a non-taxable minimum and a change in the tax scale

The levels of insurance contributions must be partially returned, said Dimitar Manolov

Oct 20, 2024 15:53 74

KT "Podkrepa" wants a non-taxable minimum and a change in the tax scale  - 1

Introduction of a non-taxable minimum and a change in the tax scale. Dimitar Manolov, president of KT "Potkrepa" made this proposal to the BNR.

"I am not sure how correctly the potential deficit of BGN 18 billion for next year has been calculated, politicians like to scare people," the employers, because they want to reduce wages".

According to Manolov, the levels of insurance contributions should be partially restored.

He pointed out that the social security system was deprived of 25% of its own income:

"After the year 2000, and since the end of the 90s, everything started with the creation of the Health Fund, because of which 2% of the insurance was taken out for pension and other things, after which more was taken out - for business promotion - and the insurance system was deprived of 25% of its own income. What we now see as a deficit should surprise no one. It is not a deficit, it's just that this money is collected in some other way, not through insurance contributions, i.e. through taxes".

This will not solve the problem of the deficit in the insurance system, but it will mitigate it, according to the president of KT "Potkrepa".

Manolov expressed the opinion that the reduced VAT rates during the Covid pandemic should be restored to their previous levels.