Tue, Feb 09 2010

1.2M BULGARIANS TO LOOSE MONEY AFTER FLAT TAX INTRODUCTION - UNIONS

Mon, Dec 03 2007 18:12 CET byElitsa Savova 703 Views

Salaries of nearly 1.2 million people would decrease after the introduction of flat rate tax in Bulgaria, according to the Confederation of Independent Trade Unions in Bulgaria (CITUB).

CITUB's vice president Plamen Dimitrov proposed to add a compensation sum to salaries, to prevent losses in net salaries, Dnevnik daily reported.

Bulgarian Industrial Association vice president Dikran Tebeyan said that the compensation could be achieved with one-time salaries raises.

By the end of the week, unions' experts and employers' organisations would discuss the measures for compensation of employees in the private sector, whose income would decrease due to the flat rate tax, Dnevnik said.

Labour and Social Policy Minister Emilia Maslarova agreed that there was a real possibility for employees in some industries, such as textile, agriculture and food in the private sector, to see their salaries decrease.

Some 55 million leva were allocated for compensation for people with lower salaries, she said.

Write comment

Name:Comment:

Generate new code
Send your comment

By posting a comment, you are deemed to have read and agreed to our
Acceptable Use Policy.

More in this category

Record number former State Security agents among Academy of Science management

First time the ratio of former collaborators is above 10 percent of records examined.

Bulgaria faced with another blizzard on February 10-11

Weather conditions in Bulgaria on February 10-11 will become 'forbidding' according to the forecast.

Bulgarian troops return from Afghanistan

260 Bulgarian soldiers landed at Sofia Airport from Kandahar on February 8 2010.

Bulgaria ‘could win Eurovision 2010’ – Miro

Having chosen its contestant to go to Oslo for Eurovision 2010, on February 28 Bulgaria will choose the song that he will sing.

Ropotamo River bursts its banks affecting roads in the region

Up to 90cm of snow cover in the region between Kurdzhali and Assenovgrad, while near Adrino snow cover is more than 70cm

© 2000-2010, Sofia Echo Media Ltd.

Web Design by RIZN

Sofia Echo Media is part of the Economedia Group.
The news and information content on this website is provided by our editorial team and is copyrighted. Any unauthorised reproduction or use of it is strictly forbidden. Reproduction of this website's content is permitted only with prior written permission from the Editor-in-Chief, should be propertly acredited and provide an active link back to our site. Comments posted by the website's visitors are independent of the editorial materials and do not represent the views of sofiaecho.com. Sofia Echo Media cannot be held responsible for the statements contained in visitor comments. The percentаge change in the shares' prices are based on the price of the last transaction of the current session compared to the price of the last transaction of the previous session. Bulgarian Stock Exchange data is not real-time, but updated every 15 minutes, and should not be used as a basis for decisions about buying or selling stock options.