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

Bulgaria reduces VAT for restaurants and entertainment establishments in tourism

Photo: BTA

The value added tax for restaurants and entertainment establishments in the tourism sector will be reduced to 9% from this summer to the end of 2021. The agreement was reached between Bulgaria’s Premier Boyko Borissov, the Association of Restaurants in Bulgaria and the Bulgarian Hotel and Restaurant Association, this country’s government has announced.

"We are taking a political risk with this decision. However, the decision is in support of the sector which incurred losses due to the Covid-19 crisis and has been agreed with the Ministry of Finance", Premier Borissov underlined. In return, gray economy in this sector should be reduced to zero, Premier Borissov has demanded. The amendments to H-18 regulation, which governs fiscal reporting via cash registers, were delayed for next year. Elaboration of anti-crisis credit plan and grants from the Bulgarian Development Bank were also negotiated during the meeting.




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

Sunny and hot weather expected on Monday

It will be sunny and hot on Monday. Cumulus clouds will form over the eastern parts of the country with no chance of precipitation. Daytime highs will range from 36°C to 41°C, for Sofia around 37°C. It will be sunny along the Black Sea coast..

published on 7/14/24 5:20 PM
Caretaker Premier Dimitar Glavchev

Premier Glavchev monitors the wildfire situation across the country

Caretaker Premier Dimitar Glavchev and the Director of the General Directorate Fire Safety and Civil Protection, Chief Commissioner Alexander Dzhartov, are in constant communication regarding the wildfire situation in the country, reported the press..

published on 7/14/24 4:27 PM
Toshko Yordanov

ITN would engage in talks with PP-DB if they decide to fulfill the second cabinet-forming mandate

"There Is Such a People"party (ITN) will engage in talks with "We Continue the Change - Democratic Bulgaria" (PP-DB) if the coalition decides to fulfill the second government-forming mandate'' , the chairman of the parliamentary group of ITN, Toshko..

published on 7/14/24 2:08 PM