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.
Today, on Holy Saturday, which is the last day of Holy Week preceding Easter, Christians commemorate the burial of Jesus Christ and his descent into hell to break its chains and reopen the gates of heaven for people. The Divine..
For the first time, a unique collection of Western European textile panels (tapestries) is on display at the National Gallery – Square 500. The exhibits were added to the collection in the 1960s by the Bulgarian National Bank as part of the..
Tonight, the cloud cover will be significant, with rain expected in parts of the western half of the country—more substantial in the central regions. The lowest temperatures will range between 6°C and 11°C, around 9°C in Sofia. On Saturday,..
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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