Parents who want to use the tax relief for children or for children with disabilities through their employer must declare their wish to him by submitting the relevant declaration from November 30 to December 31, 2024.
In this case, the employer can refund the tax until the end of January 2025.
Amounts of tax reliefs for earned income in 2024. remain the same as in the previous year. The amounts that can be reimbursed depend on the number of children.
For one minor child, the relief from the annual tax base is BGN 6,000, and the amount to be received is up to BGN 600, for two – BGN 12,000. and amount to receive up to BGN 1,200, for three and more – BGN 18,000. with an amount to receive up to BGN 1,800. For raising one child with disabilities, the relief from the annual tax base is in the amount of BGN 12,000, and the amount to be received is up to BGN 1,200.
These are the funds that can be received when the individuals did not use the reliefs in the advance taxation of the incomes.
One of the most important requirements for the application of the reliefs is that the parents have no enforceable public obligations. The NRA advises citizens to check their tax liability account online with a personal identification code before using tax relief to avoid inconvenience.
Apart from through an employer, the other way to use the annual amount of tax relief is by submitting an annual tax return to the National Revenue Agency between January 10 and April 30, 2025.
In order to benefit from the tax relief, the individual (including a sole trader) must in 2024 has received income subject to annual taxes (tax on the general annual tax base or tax on the annual tax base for income from business activities as a sole trader).
People with no income, or only non-taxable income such as maternity benefit for example, as well as only income subject to final and/or patent tax, cannot take advantage of the relief, but the other parent can if they qualify .
The conditions for using the tax relief for children and children with disabilities are described in detail on the NRA website. Information on tax reliefs is also available on the NRA’s Facebook page, and a phone consultation on these issues can be made with the Information Center on phones: 0700 18 700 or 02 9859 6801, as well as by email: [email protected].
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