Podcast in English
Text size
Bulgarian National Radio © 2024 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

Minister of Innovation: There was video surveillance in more than 99.5% of the polling stations

Over 99.5% of Bulgaria's polling stations were covered by video surveillance in the October 27 parliamentary elections. This was stated at a briefing by the Caretaker Minister of Innovation and Growth Rosen Karadimov, appointed by the caretaker..

published on 11/4/24 6:05 PM

17 drifting mines have been destroyed in the Black Sea since the beginning of the war in Ukraine

17 drifting mines have been discovered and destroyed in the Black Sea by the Naval Forces of Bulgaria, Romania and Turkey since the beginning of the war in Ukraine until today. This was said by Fleet Admiral Velko Velkov at the opening of the Poseidon..

published on 11/4/24 5:45 PM

Bulgaria signs engineering contract for new nuclear capacity with Westinghouse and Hyundai 

An engineering contract for the construction of new capacity at the Kozloduy Nuclear Power Plant (NPP) has been signed by NPP Kozloduy - New Capacities and the Westinghouse and Hyundai consortium . Within a year, the engineering design, worth between..

published on 11/4/24 3:14 PM