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Starting this year, a series of tax changes that affect both companies and citizens come into force, he reported. Pariteni.bg.
People who decide to renovate their home will benefit from tax breaks. They will be given only for the money given to them for the work of the teachers. To do this, however, they must issue a document, if it is a company, for the price of the work performed. If they are natural persons, their data must be present in the declaration. These documents are not attached to the return itself, but must be kept by the sender and presented during an inspection by the ANR.
As of today, several changes take effect in the country
The amount of relief is up to 2,000 BGN per year. In the case of co-ownership of the home, individual owners can share this amount, each declaring their share, but again the total value should not exceed the maximum. It is deducted from the tax base when completing the declaration.
This relief cannot be used by companies in the commercial activity in which the dwelling in question is included. But if only the business registration address and that of the individual match, then there is no problem to use the relief. The property must be in Bulgaria. It is important to know that the amount can be deducted when declaring income for 2021, that is, it can be entered in the return in 2022.
Now there will be tax refunds for raising a child. They will be used for income in 2021. That is, for those who file a tax return, in 2022, when they fill it out, and for those who will use the assistance through their employer, that is, they only have an employment contract and have no other , by the end of 2021
The highest minimum wage is already a fact
Parents of a child may deduct BGN 4,500 from the tax base, BGN 2 to 9,000 and BGN 3 or more 13,500. The support for raising a disabled child is reduced from the tax base by BGN 9,000. This means that for raising 1 child in the family budget 450 BGN is conditionally returned. The amount will still depend on how much and what other income is reported.
Meal vouchers in 2021 will be up to BGN 80 per company employee. These, along with the additional voluntary insurance and some insurances such as “Life”, serve as tax relief, since their value is deducted from the tax base.
However, this relief can only be used by those for whom there is no obligation that has entered into force on the date of the declaration, which will be enforced. A reference to available liabilities can be downloaded from the ANR website and experts recommend keeping it.
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