MPs will take up the tax bills at first reading in the plenary hall this week, the National Assembly's draft programme shows. The changes include bigger tax breaks for families with children, a one-off 33% tax on windfall profits and a phased rise in the tax value of property.

The windfall tax has already cleared the budget committee. The committee backed it at first reading yesterday, with 13 votes in favour, after the Bulgarian Economic Chamber asked for it to be withdrawn.

Earlier on this story: Budget committee approves one-off 33% windfall tax at first reading

First on the list is the Personal Income Tax Act, with changes proposed by the Council of Ministers. The tax break is €5,000 for one child, €10,000 for two and €15,000 for three or more. For a child with a disability it is €12,000.

The Council of Ministers also proposes a new "child development" tax break of up to €2,000 per child for health, education and sport costs.

The next bill covers corporate income tax. Banks, insurers, telecoms, currency exchange offices and fast-loan firms will pay the one-off tax. Food traders will be covered if their net sales revenue for 2026 is at least €5m.

The budget committee has also approved the Council of Ministers' bill on local taxes and fees. The base values used to set the tax value of property will rise for three years in a row: by 30% in 2027, by 35% in 2028 and by a further 35% in 2029. The change applies to buildings, land, improvements and farmland.

The bill on excise duties and tax warehouses introduces an excise duty on cars with an internal combustion engine whose maximum useful power is 250 kW (340 hp) or more. The amount depends on engine power. The same bill also bans trade in home-made rakia.

Parliament must also ratify the Memorandum of Understanding on the European Economic Area Financial Mechanism 2021-2028 between Bulgaria and Iceland, the Principality of Liechtenstein and the Kingdom of Norway.

Three bills amending the Public Finance Act, and amendments to the Fiscal Council and Automatic Correction Mechanisms Act, are also waiting for first reading. Changes to the Veterinary Medical Activity Act are up for second reading.

Friday is the regular session of parliamentary control.