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

Bulgarian media from 25 countries to gather in Sofia on 24 May

For the past two decades, Bulgarian media outlets based abroad have gathered at an annual event organised by the Bulgarian Telegraph Agency (BTA). This year marks the 20th edition of the event, known as the World Meeting of Bulgarian Media, which will..

published on 5/23/25 5:19 PM
Ministers of Tourism of Bulgaria Miroslav Borshosh (R) and Tonci Glavina meet in in Zagreb.

The Bulgarian tourism sector is all set for the adoption of the euro, Minister Borshosh says

Minister of Tourism Miroslav Borshosh held a working meeting with his Croatian counterpart, Tonci Glavina, in Zagreb this week , the Ministry of Tourism announced today.  The conversation focused on the potential advantages of adopting the euro for..

published on 5/23/25 4:38 PM
Bulgarian President Ruman Radev

President refers rejected euro referendum request to Constitutional Court

President Rumen Radev today referred a rejected proposal for a national referendum on adopting the euro to the Constitutional Court. He is seeking a binding interpretation of the Constitution, as well as the annulment of National Assembly Chairwoman..

published on 5/23/25 4:27 PM