For the first time in many years, the state has been unable to collect the projected sum om VAT – it is 670 million Leva short (EUR 335 million), the Finance Ministry has announced.
In July, parliament updated the budget, raising the projected GDP growth, and adding 11 billion Leva (EUR 5.5 billion) of expenditure. But due to the fact that differentiated VAT was retained for tourism, restaurants, bread and flour, the revenues expected have not been collected, the Finance Ministry says. The taxes collected in the 2022 budget amount to 31.6 billion Leva (EUR 15.7 billion), which is only 100 million Leva (EUR 50 million) more than planned. The overfulfilment comes from corporate tax and from taxation of incomes of natural persons, whereas indirect taxes – VAT and excise – are below the projected levels for the year, the ministry points out.
The Russian state oil company Lukoil has plans to sell its Bulgarian refinery Neftochim based in Burgas on the Black Sea Coast. It is the largest in the Balkans, writes the Financial Times . The deal is expected to be announced by the end of..
Bilateral relations between Bulgaria and Argentina have received a new impetus for development following the visit of an Argentine delegation from the Chaco province to Bulgaria at the beginning of November . High-ranking officials from the..
Employers are contesting the rise of the minimum wage. The Bulgarian Industrial Capital Association announced that they filed a complaint in the Supreme Administrative Court. About 430,000 people in the country work for minimum wage...
Butter and vegetable oil are the products that have increased in price the most over the year. The retail price of vegetable oil will range between 3..
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