Sat, Nov 21 2009

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

Mon, Dec 03 2007 18:12 CET byElitsa Savova 641 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

More in this category

EC suing Bulgaria for Sofia waste disposal failure

The European Commission is taking Bulgaria to court for delays in providing Sofia with adequate waste disposal facilities.

US ambassador-designate Warlick addresses senate confirmation hearing

James Warlick is the spouse of Mary Warlick, director of the office of Russian affairs at the US state department, who has been nominated to serve as ambassador to Serbia

Bulgaria declares flu epidemic at an end

Bulgaria’s Health Ministry announced on November 20 2009 that the flu epidemic declared two weeks earlier is at an end as rates of infection decline. The announcement coincides with reports of two deaths from A (H1N1) flu in Bulgaria.

Bulgarian prosecutors to investigate Dogan’s real estate deals

Acting on allegations by Democrats for a Strong Bulgaria leader Ivan Kostov, prosecutors and Government officials are to probe deals by which Movement for Rights and Freedoms leader Ahmed Dogan acquired various properties.

Sofia prosecutors charge Bulgaria’s former defence minister Nikolai Tsonev

Prosecutors allege that a deal agreed by the former defence minister caused losses of 12.9 million leva.

© 2000-2009, 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.