The Budget Doubles Property Tax Assessments by 2029.
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The authorities plan to double property tax assessments by 2029. This was revealed by the chairman of the parliamentary economic committee, Stefan Belchev ("Progressive Bulgaria"), in the morning block of BNT....
"Progressive Bulgaria" plans a serious increase in property tax assessments, to be carried out in stages within three years. ...
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The management of “Progressive Bulgaria” intends to increase the tax assessments of the properties by 100% within a few years. And gambling advertising will not be banned, but only limited. This was told by MP Stefan Belchev to BNT on Friday.The tax estimates are expected to be updated by 30% from next year. There will be two more increments of 35% each in 2028 and 2029, so that estimates will rise by 100% in total. Belchev said that in the pack…
Property tax assessments in Bulgaria are heading towards their most serious change in nearly two decades. "Progressive Bulgaria" is preparing a phased increase, which according to the announced plan should reach a total of 100% by the end of 2029. The first step will be next year - 30% up, and in the next two years two more increases of 35% are planned. This was announced to BNT by PB MP Stefan Belchev. 30% next year, then two more increases Bel…
The authorities are raising property tax assessments, albeit in a staggered manner. Tax assessments are expected to be updated by 30% starting next year. There will be two more steps of 35% increase in 2028 and 2029, so that the assessments will increase by a total of 100%, announced PB MP Stefan Belchev. He said that the tax law package will include new revenue measures despite the announced intention not to raise taxes.
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