3 ms·
> Is this really how it works? They're taxing people with 0 income? I guess it isn't relevant to the target audience of the article but it must suck for the une
by dimonomid 5y ago
> Is this really how it works? They're taxing people with 0 income? I guess it isn't relevant to the target audience of the article but it must suck for the unemployed.
No no, the social security min base 710 BGN is only relevant if you declared that you're actively working, but in fact getting no income. If one decides to e.g. take a break for a year, they can declare that they don't actively working anymore, and thus they'll be paying a lot less (I don't know exact amounts though)
And also, unemployment is a whole lot different story, but I don't know details about that.
> This seems really high. Why do you need an accountant every month instead of once a year?
As already mentioned by phoronixrly, yes it's because of the VAT registration. Having that registration, accountants have to do some paperwork every month.