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%.
The NATO Multinational Battle Group in Bulgaria demonstrated its readiness to repel a potential attack on Bulgaria. The command staff exercise at the Novo Selo Range trained the group's readiness to expand to a brigade and, if necessary, defend the..
Law enforcement agencies from 18 countries have seized over EUR 14 million in counterfeit currency in a joint customs and police operation, reported BTA, citing Europol. Most of the seized banknotes are in denominations of 50 and 20 euros and are..
With all tally sheets processed, voter turnout in Bulgaria’s parliamentary elections on October 27 is 38.94%, announced the Central Election Commission (CEC). This figure may change following a recount. According to interim data, 2,570,639..
At a briefing , We Continue the Change/Democratic Bulgaria (PP/DB), which will likely be the second political force in parliament, urged all..
“We are going to take part in talks with GERB, but if they intend to get Delyan Peevski in through the front door we’re out,” said MEP Ilhan Kyuchuk..
There will be scattered clouds on Wednesday. The cloudiness will be more significant in the central regions of Bulgaria and in some..
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