Socilaist Party

Bulgarian MPs Reject Motion to Hike Interest Income Tax

Bulgaria's Parliament on Thursday turned down a proposal to increase tax on interest earned from bank deposits to 10% from the current 8% from 2015.

The proposal was submitted by the centre-right GERB party, the biggest partner in the coalition government.

The Parliament rejected the motion in second and final reading in a 95-77 vote with four abstentions.