Socialists to Propose Scrapping Bank Deposits Tax

Socialists to Propose Scrapping Bank Deposits Tax

 The MPs of the Bulgarian Socialist Party plan to propose to the National Assembly to revoke in early 2014 the 10% tax on people's interest earned from bank deposits, a Socialist MP said in Parliament.

The tax is unjust as it puts the burden of the economic crisis on the common people, Dora Yankova, member of the parliamentary budget committee, said, as quoted by the Sofia News Agency (
The controversial tax, which was proposed by Simeon Djankov, former finance minister in Boyko Borisov’s centre-right cabinet, came into force on January 1. Termless deposits, saving accounts, child savings and current accounts are not taxed.
Previous Next
Test Caption
Test Description goes like this
Cookies Preferences
Choose Type of Cookies You Accept Using

These cookies are required for the website to run and cannot be switched off. Such cookie are only set in response to actions made by you such as language, currency, login session, privacy preferences. You can set your browser to block these cookies but our site may not work then.

These cookies allow us to measure visitors traffic and see traffic sources by collecting information in data sets. They also help us understand which products and actions are more popular than others.

These cookies are usually set by our marketing and advertising partners. They may be used by them to build a profile of your interest and later show you relevant ads. If you do not allow these cookies you will not experience targeted ads for your interests.