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

Education ministry discusses introduction of virtue and religion classes

Education must make children not only knowledgeable but also good people, said Minister of Education and Science Krasimir Valchev at a meeting with His Holiness Daniil, Patriarch of Bulgaria and Metropolitan of Sofia. "We are discussing the..

published on 2/20/25 9:02 AM

President Radev: Only united will we preserve Bulgaria in the global turmoil

"Only united will we preserve Bulgaria in the global turmoil. That bright Bulgaria of Levski, which relies on its own strength. The ancient Bulgaria that feels equal to the European nations. That fraternal Bulgaria of free people, which has defended..

published on 2/20/25 8:49 AM

Premier Zhelyazkov: EU should remain united and predictable in its overall support for Ukraine

The European Union must remain united and predictable in its overall support for Ukraine, Bulgaria’s Prime Minister Rosen Zhelyazkov said in his speech at the second emergency meeting on Ukraine, hosted by French President Emmanuel Macron, announced..

published on 2/20/25 8:32 AM