The National Assembly Committee on Budget and Finance adopted on first reading the proposal for introduction of 9% VAT on restaurants and books, including electronic books.
The Bulgarian Ministry of Finance has warned that if value added tax for restaurants and books is reduced from 20% to 9%, the VAT for other goods and services has to be increased to 24%, or the income tax of the companies should stand at 17%-18%. The draft amendments to the VAT Act are submitted by the ruling coalition and other parties.
If all proposals for reduction of VAT rates for certain goods and services are approved, the damage to the state treasury will amount to nearly EUR 920 million, the position signed by Finance Minister Vladislav Goranov reads.
The 10th edition of the International Festival Da Fest presents works by leading global digital artists. Organised by Da Lab and the National Academy of Art, the five-day event begins today in Sofia. This year's theme, “Anxiety: Signals from an..
Bulgaria will allow a plane carrying Vladimir Putin to fly through its airspace to facilitate a planned meeting between the Russian leader and U.S. President Donald Trump in Budapest, said Bulgaria’s Minister of Foreign Affairs Georg Georgiev, as..
On Tuesday , the lowest temperatures will be between 2 and 7°C. In the valleys and high fields the temperature can drop to minus 2°C; in Sofia – about 1°C. In the morning, there will be reduced visibility along the river valleys. It..
Bulgaria, Greece and Romania have finalized a memorandum for joint cooperation on new transport projects, said European Commissioner for..
Suspicions of large-scale fraud with EU funds in a project to build a mussel farm in the Black Sea – southeast of Cape Emine in the..
On Tuesday , the lowest temperatures will be between 2 and 7°C. In the valleys and high fields the temperature can drop to minus 2°C;..
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