Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bill for differentiated VAT submitted in Parliament

Photo: Ani Petrova

The ruling coalition in Bulgaria has introduced a bill in parliament to reduce VAT for restaurateurs from 20% to 9%. It is proposed to raise the insurance threshold in tourism from 305 to 400 euros. VAT on books is also reduced. The missed annual revenues for the budget will be 137 million euros. 

Another proposal is to issue state vouchers for holidays in Bulgaria to people on the front lines in the fight against the epidemic.
The reduction of VAT is for a period from July 1 to the end of 2021. 
Tourism accounts for 12% of Bulgaria's GDP. The petitioners believe that the differentiated VAT is a chance for Bulgarian tourism in the Covid-19 crisis.



Последвайте ни и в Google News Showcase, за да научите най-важното от деня!
Listen to the daily news from Bulgaria presented in "Bulgaria Today" podcast, available in Spotify.

More from category

Before the euro adoption people are pessimistic about the economic present and future

The overall consumer confidence index in October 2025 fell by 4 points compared to July, the National Statistical Institute has reported. In July, the indicator decreased by 4.7 points compared to April. In October, there was an..

published on 11/7/25 1:24 PM
Major General Deyan Deshkov

Bulgaria to equip its military units with drone control simulators

By mid-December, all military units in the country will be equipped with drone control simulators, said Major General Deyan Deshkov, Commander of the Land Forces, at the Lyulyak training ground near Stara Zagora. He clarified that the drones have..

published on 11/7/25 11:21 AM

The state proposes the appointment of a special commercial administrator for Lukoil Bulgaria

Swiss commodity trader Gunvor said it has withdrawn its proposal to buy Lukoil’s foreign assets, including the refinery in Burgas, after the U.S. Treasury called it Russia’s ‘puppet’, Reuters reported. Prime Minister: Bulgaria has a..

published on 11/7/25 11:04 AM