The tax on old cars from 2019 will go up by nearly 30%. The increase was adopted at first reading in Bulgaria’s Parliament on 18th of October.
There are two main arguments for raising the tax on old cars: to increase state budget revenue and to enhance environmental indicators.
The opposition were against the rise in the tax, but only after the texts were adopted at first reading. According to data, the change in the taz size would affect owners of nearly 67% of the vehicles traveling on the roads in Bulgaria.
MPs also adopted an amendment, which cancels tax cuts for people who have declared more than one main dwelling. In addition, notaries will have the right to check electronically for tax obligations on the movable and immovable property.