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Deductions and Allowances


The deductions are sums which are used for reducing the aggregate annual taxable amount. For each type of deduction there is a different regime.

The following deductions can be given as an example: deductions for persons with reduced working capacity; deduction for personal voluntary social and commercial insurance contribution, deduction for donation, deduction for young married couples.

When determining the amount of the tax due, it is important to be taken into consideration the Convention for the Avoidance of Double Taxation between the Republic of Bulgaria and United Kingdom.