Банкеръ Weekly

Briefs

PROMYANA SYNDICATE DEMANDS TAXATION OF TOTAL FAMILY INCOMES

The Promyana trade union will insist for introduction of taxation, based on the aggregate incomes of families, when discussing the new taxes in the National Council on Taxation Policy. This became known at the syndicate's press conference. According to Promyana's experts, the reduction of taxes of the poorest stratum of Bulgarians by BGN0.19 is symbolical and won's affect the family budgets.Promyana's taxation expert Valeri Kolchev voiced doubts regarding the efficiency of the proposal that VAT on imports should be remitted to the customs' accounts instead of to the tax administration. This has been stipulated in the amendments to the VAT Act, to be discussed by the Cabinet. The trade union will demand also that the amendments to the Excise Duty Act should revoke the obligatory ecology and road tax, charged from producers and importers of fules. If the taxes remain, this will cause a serious price shock when raising the excise duty rates, Promyana's experts justify their demand.

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