Income from movable property transferred to persons who have the right to collect, transport, recover or dispose of waste in accordance with the Law on Waste Management is exempt from taxation. For these non-taxable incomes, information will be provided in accordance with Art. 73, para. 1 of the Personal Income Tax Act.
The taxable income from the sale or exchange of shares, shares, compensatory instruments, investment vouchers and other financial assets, including virtual currencies, as well as from trading in foreign currency is determined as the sum of the profits realized during the year, determined for each specific transaction, less with the amount of losses realized during the year, determined for each specific transaction, 10 percent of costs are reduced.
The income of persons, who are not traders within the meaning of the Commercial Law, from the collection of wild mushrooms and fruits, with the exception of those from medicinal plants, are taxed with an alternative tax, which is a fixed amount by law – BGN 30 for each month in which the activity is carried out.
New types of non-taxable income will be included in the report as per Article 73, Paragraph 1 of the Personal Income Tax Act (ZDDFL) for 2024:
Scholarships received by persons for their studies in the country and abroad, but excluding the scholarships paid by the schools for the benefit of pupils and students. This includes, for example, income in the form of scholarships for the acquisition or improvement of qualifications, as well as for retraining, which company pay
Daily travel allowances paid to an individual, 1,000 BGN per year
Income under Article 24, Paragraph 2, Item 12 of the Personal Income Tax Act (ZDDFL) includes social expenses made by the employer up to 60 BGN per month for each insured person. This includes contributions/premiums for additional voluntary insurance, voluntary health insurance, and/or life insurance, as reported by businesses and commercial representations.
