Podcast in English
Text size
Bulgarian National Radio © 2024 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

BSP will not participate in negotiations to form a government with the second cabinet-forming mandate

The Bulgarian Socialist Party (BSP) will not participate in talks with the Movement for Rights and Freedoms (DPS) for the second cabinet-forming mandate, the party's press centre said. The position of BSP is addressed to the chairman of the..

published on 7/10/24 5:41 PM
Boyko Borissov

GERB leader Borissov to DPS: We will not support second cabinet-forming mandate

The Chairman of the  GERB-SDS  Parliamentary group, Boyko Borissov, sent an official refusal to the Movement for Rights and Freedoms (DPS) and confirmed the coalition's position that they will not participate in negotiations to form a government with..

published on 7/10/24 5:22 PM
Delyan Peevski

Delyan Peevski opposes referendum on the euro

The Movement for Rights and Freedoms (DPS) is against the attempts of the anti-European and pro-Russian parties to play with the topic of "referendum for the euro". In a position published by the press center of the DPS, the chairman..

published on 7/10/24 4:31 PM