Podcast in English
Text size
Bulgarian National Radio © 2025 All Rights Reserved

Bill for differentiated VAT submitted in Parliament

Photo: Ani Petrova

The ruling coalition in Bulgaria has introduced a bill in parliament to reduce VAT for restaurateurs from 20% to 9%. It is proposed to raise the insurance threshold in tourism from 305 to 400 euros. VAT on books is also reduced. The missed annual revenues for the budget will be 137 million euros. 

Another proposal is to issue state vouchers for holidays in Bulgaria to people on the front lines in the fight against the epidemic.
The reduction of VAT is for a period from July 1 to the end of 2021. 
Tourism accounts for 12% of Bulgaria's GDP. The petitioners believe that the differentiated VAT is a chance for Bulgarian tourism in the Covid-19 crisis.



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

Folk music from Guizhou to be performed in Plovdiv Regional History Museum

The Regional History Museum in Plovdiv is hosting the performance “Hear the Voice of the Mountains and Springs – The Year of the Snake Gives Us Prosperity” today. In it, actors from the Guizhou Lantern Theater will show the rich..

published on 1/11/25 6:30 AM

Snow and rain across the country on Saturday

On Saturday, cold air will bring temperatures down. It will be cloudy. There will be rainfalls and snowfalls in the northwestern regions. There will be rainfalls in the eastern regions of the country. The wind will be moderate to..

published on 1/10/25 6:55 PM

Sofia Municipality and Bulgarian Academy of Sciences to make a registry of the homeless

The Sofia Municipality and the Bulgarian Academy of Sciences will create a register of homeless people in Sofia. The initiative comes from the Institute of Population and Human Research of the Bulgarian Academy of Sciences, which is participating in a..

published on 1/10/25 4:51 PM