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

National Assembly Committee on Budget and Finance approves lower VAT for restaurants and books

Photo: БТА

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.




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

BOC sends Easter message to believers in and outside the homeland

The Bulgarian Orthodox Church, headed by Patriarch of Bulgaria and Metropolitan of Sofia Daniil and members of the Holy Synod, sent a patriarchal and synodal Easter message to Christian believers. "May the joy of the news of..

published on 4/19/25 5:30 PM

Nearly 2,400 overdue fines were handed out to drivers at the border in April

When carrying out border control and compensatory measures, Border Police officers also carry out checks in the automated information system of the Ministry of Interior for undelivered electronic tickets and for fines imposed that..

published on 4/19/25 4:25 PM

Veliko Tarnovo welcomes the Resurrection of Christ in Tsarevets Fortress

Citizens and guests of Veliko Tarnovo are to welcome the Resurrection of Christ in the Tsarevets Fortress. The gates of Tsarevets will be opened at 10:30 p.m. on Holy Saturday and an hour later an Easter service will begin in front..

published on 4/19/25 4:11 PM