Families with underage children will be able to enjoy tax benefits from this year. With 200 BGN will be reduced taxable income of one of the parents for a underage child. For two underage children reduction will be 400 BGN, and for three and more – 600 BGN. For an underage child with 50 % and over disability, the annual tax base will be reduced with 2000 BGN. Tax relief benefits to the amount of annual tax bases!
Claim of tax relief for children and children with disabilities for 2015 can be declared in two ways. The first is filing the annual tax return for 2015 (till 30th of April) and submit it together with corresponding declaration for child or child with disability.
The second way is through the employer of the main employment relationship, who is obliged to make the annual taxation of personal income from employment by January 31, 2016. In this case the employee has to provide the corresponding declaration and other necessary documents to the employer within a period from 30 November to 31 December 2015.