Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Tripartite cooperation council fails to reach accord on extending the differentiated VAT rate

Photo: archive

The tripartite cooperation council did not reach accord on extending the differentiated VAT rate until the end of the pandemic.

The caretaker cabinet wants the tax to be 9% for food and non-alcoholic beverages served at eating and drinking establishments, baby products, books, tour operator services and use of sports facilities. The Bulgarian Industrial Association is insisting on the introduction of a lower VAT rate for all food and non-alcoholic beverages. The Finance Ministry says that this will mean more than 500 million euro less for the treasury. The TUs are demanding a reduction of VAT overall from 20% to 15% and oppose the differentiation.

The biggest trade union in the country, the Confederation of Independent Trade Unions in Bulgaria, warned there will be protests if there are 15% staff cuts in public administration, as proposed by former Minister of Finance Assen Vassilev from We Continue the Change.



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

Caretaker Premier Dimitar Glavchev

The government will gradually evacuate Bulgarians from Lebanon

The government will gradually evacuate Bulgarians from Lebanon. Preparation for the air evacuation of Bulgarian citizens wishing to leave Lebanon is underway. The decision was taken at a meeting convened by caretaker Premier Dimitar Glavchev with the..

published on 9/29/24 4:03 PM

Bulgaria's Ministry of Foreign Affairs advises against travelling to Israel

Travelling to Israel and staying in the country should be avoided, except in case of emergency, the Bulgarian Ministry of   Foreign Affairs  said. All citizens arriving in or departing from Israel via Ben Gurion Airport are advised to approach..

published on 9/29/24 3:14 PM
MEP Andrey Kovatchev

Andrey Kovatchev: The Western Balkan countries must do their homework if they want to join the EU

There is no need for a mediator in relations between Bulgaria and North Macedonia, MEP Andrey Kovatchev told BNR on the occasion of Hungarian Prime Minister Viktor Orbán's proposal to mediate between Sofia and Skopje. Regarding the decoupling..

published on 9/29/24 2:59 PM