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

President Rumen Radev calls for 9% VAT on bread

Photo: BGNES

At a meeting with bread producers in Dobrich, President Rumen Radev said that the Value Added Tax on bread should be reduced to 9%. According to him, this strategic decision would lead to effectiveness in the fight against the gray economy. The head of state also said that it was good to consider extending the scope of the 60/40 measure, so that larger bread companies could also benefit from it. "It is critical that the government established a good dialogue with large retail chains and ensured protection for the Bulgarian producer," Rumen Radev said.

"Reducing VAT will not lower the price of bread, as we have already seen it in the restaurant sector," Minister of Finance Assen Vassilev said. He recalled that the coalition agreement did not provide for differentiated tax rates other than those already introduced during the Covid epidemic.




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

Construction of National Children's Hospital to start next year

Construction of the National Children's Hospital will begin in June next year , interim Prime Minister Dimitar Glavchev said at a briefing. The hospital will have 26 wards and about 400 beds . It will provide complex care for young patients. "The..

published on 10/19/24 3:39 PM
Снимката е илюстративна.

Premises of a party contesting the elections set on fire

A fire broke out in the Varna office of a party which was represented in the last National Assembly and which is contesting the forthcoming elections on 27 October. The premises, located in a building in the centre of the city, were completely burnt..

published on 10/19/24 12:18 PM

Seven seconds of communication missing between tower and the L-39 ZA aircraft

Right before the two military pilots training for an air show crashed their plane in the critical seven seconds of the flight there was no communication between the tower and the plane . This is shown by the recordings of the conversations between the..

published on 10/19/24 11:42 AM