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 Council of Ministers has approved and submitted to Parliament for debate amendments to the Criminal Code that increase the penalties for torturing animals and add new, more severe punishments if what is done is filmed for distribution. If..
The Bulgarian government today approved and submitted to the European Commission a request to amend the National Recovery and Resilience Plan. The renegotiation of the plan has been highlighted as a priority for the government of Rosen Zhelyazkov. The..
Representatives of three of the world's leading investment funds, which have a strong interest in setting up large data centres in the country, have reached out to and held meetings with Bulgarian authorities, GERB leader Boyko Borissov told..
Blind ultrarunner Victor Asenov has officially become part of the Everesting Hall of Fame, Sportal.bg reports. Between March 21 and 23, the..
Border Police remind that major repairs are underway on the Bulgarian section of the Danube Bridge in Ruse, and because of this, a temporary traffic..
Thirteen people were arrested in central Sofia during a specialized police operation aimed at countering illegal migration and preventing crimes..
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