The National Assembly Committee on Budget and Finance adopted on first reading the proposal for introduction of 9% VAT on restaurants and books, including electronic books.
The Bulgarian Ministry of Finance has warned that if value added tax for restaurants and books is reduced from 20% to 9%, the VAT for other goods and services has to be increased to 24%, or the income tax of the companies should stand at 17%-18%. The draft amendments to the VAT Act are submitted by the ruling coalition and other parties.
If all proposals for reduction of VAT rates for certain goods and services are approved, the damage to the state treasury will amount to nearly EUR 920 million, the position signed by Finance Minister Vladislav Goranov reads.
The Commission for Protection of Competition (CPC) has requested information from the Ministry of Energy in connection with proceedings aimed at identifying possible violations of national and European competition law by Lukoil Neftochim Burgas and..
The branch of "Angel Kanchev" University of Ruse which was opened earlier this year in the Moldovan town of Taraclia, has officially taken ownership of the premises of the former Gregory Tsamblak State University of Taraclia. The agreement was signed..
Three helicopters arrived at Plovdiv Airport under the EU Civil Protection Mechanism. One came from Hungary, the second from Slovakia, and the third from France. They will join firefighting efforts this morning to combat the country's largest..
Three helicopters arrived at Plovdiv Airport under the EU Civil Protection Mechanism. One came from Hungary, the second from Slovakia, and the..
''At least 870 people could benefit from the 'I Choose Bulgaria' initiative, which aims to attract them back to Bulgaria from abroad. Most of them will..
Those detained for committing arson will be tried for terrorism, announced Interior Ministry Secretary General Miroslav Rashkov. He noted that..
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