ANALYSIS OF THE TAX LEGISLATION APPLICABLE IN TAXING THE INCOMES OF THE FARMERS AS NATURAL PERSONS.

Agricultural sector has its own specificities that are a prerequisite for lower and unstable incomes compared to other sectors of the economy The taxation of the agricultural incomes has a specificity for Bulgaria as well as for other European countries. This article analyzes the two different approaches in the tax policies of selected European countries and Bulgaria for reducing tax burden of the farmers. The aim of the current investigation is to compare taxation and to outline the common features and differences in the taxation of the farmer natural person in the different countries. The tax legislation in most European countries including Bulgaria provides specific regulation of agriculture income in order to relieve the tax burden or bookkeeping. We conclude that the tax instruments and reliefs are an effective prerequisite for reducing the huge gap in income levels from agriculture compared to those of other sectors of the economy. [ABSTRACT FROM AUTHOR]