Bulgaria places second in the EU, together with Latvia, in terms of lowest tax revenue/gross domestic product ratio. In those two countries the tax revenue/GDP ratio amounts to 27.9%. Only in Lithuania the tax revenue/GDP ratio is lower-27.2%, data of the European Parliament about the EU states’ tax systems show. On the other hand, in The Netherlands, Belgium, Sweden, and Finland the GDP/tax revenue ratio is highest. Data of the EP also shows that the highest amount of revenues in Bulgaria’s treasury is collected from taxes levied on consumption. The value added tax in Bulgaria (20%) is among the lowest in the whole EU and only Germany, Cyprus, Malta and Luxembourg have lower VAT. On the other hand, Hungary has the highest VAT-27%, followed by Denmark, Croatia and Sweden with 25%. VAT in Romania and Finland amounts to 24%. In Romania, however, VAT on food was reduced to 9%.
Bulgaria's Caretaker Prime Minister Dimitar Glavchev, who is in the US for the Summit in New York, met in Chicago with businessmen, representatives of various Bulgarian organizations, schools and cultural centers. He congratulated the..
"The number of people addicted to nitrous oxide (commonly known as laughing gas) is growing - this fashion flooded the market, the risks were underestimated and now we are noticing the consequences," Rositsa Stanulova from the Prevention and..
The average loss of water in the water distribution system of the country is 65%, according to the statistics presented by the caretaker Minister of Regional Development Violeta Koritarova. The data come in the backdrop of news of..
Bulgaria will request the suspension of the import of eggs originating from Ukraine at the meeting of the EU Agriculture and Fisheries Council in Brussels..
The weather in Bulgaria will be sunny on Tuesday. Cloudiness will increase from the west The minimum temperatures will be between 7 °C and 12°C, in..
In New York, within the autumn session of the UN General Assembly, Bulgaria's caretaker Foreign Minister Ivan Kondov met with the Minister for Europe..
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