Text size

9% VAT on oil and zero VAT on bread proposed by Parliament Agriculture Committee

published on 6/22/22 3:39 PM

Plamen Abrovsky

Photo: BGNES

Value added tax (VAT) on sunflower oil, fruit and vegetables to be reduced to 9% for a year from 1 July is the proposal of Parliament Agriculture Committee Chairman Plamen Abrovsky and his fellow members of There Is Such a People party.

The proposal was tabled before the second vote on the state budget update. The reasoning is that the reduced VAT rate will keep price growth as low as possible and preserve, albeit partially, the purchasing power of the population.

Zero VAT on flour is also proposed for the same period to mitigate the burden of high bread prices on households.

Последвайте ни и в Google News Showcase, за да научите най-важното от деня!

Radio Bulgaria News Agriculture Committee parliament Plamen Abrovsky proposal VAT

More from category

Bulgaria buys 35 EMUs for state railways

A contract for the purchase of 35 electric multiple units (EMUs) has been signed at the Council of Ministers. This is the largest order placed by the Bulgarian state in the last 20 years and the largest investment in rolling stock, announced Transport..

published on 4/25/25 1:50 PM

Bulgaria needs to reorganize and modernize its arms industry, says Minister Zapryanov

If we delay and do not reorganize and modernize our arms industry, in 5-6 years it will be exotic for the European arms market. This is a major challenge", said Bulgaria’s Minister of Defense Atanas Zapryanov during the discussion “The Hague 2025:..

published on 4/25/25 12:01 PM

Bulgaria meets NATO's target of spending at least 2% of GDP on defense

In 2024, Bulgaria spent USD 2.208 billion (3.964 billion BGN), or 2.04% of its GDP, on defense, reads the annual report of NATO Secretary General Mark Rutte. For the first time, the country has met the NATO target set in 2014, which requires each..

published on 4/25/25 10:53 AM