Podcast in English
Text size
Bulgarian National Radio © 2024 All Rights Reserved

Tripartite cooperation council fails to reach accord on extending the differentiated VAT rate

Photo: archive

The tripartite cooperation council did not reach accord on extending the differentiated VAT rate until the end of the pandemic.

The caretaker cabinet wants the tax to be 9% for food and non-alcoholic beverages served at eating and drinking establishments, baby products, books, tour operator services and use of sports facilities. The Bulgarian Industrial Association is insisting on the introduction of a lower VAT rate for all food and non-alcoholic beverages. The Finance Ministry says that this will mean more than 500 million euro less for the treasury. The TUs are demanding a reduction of VAT overall from 20% to 15% and oppose the differentiation.

The biggest trade union in the country, the Confederation of Independent Trade Unions in Bulgaria, warned there will be protests if there are 15% staff cuts in public administration, as proposed by former Minister of Finance Assen Vassilev from We Continue the Change.



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

Sofia Christmas festival will kick off tonight in front of National Palace of Culture

The Sofia Christmas Festival will open tonight in the park in front of the National Palace of Culture in the heart of Sofia . The third edition of the festival starts at 6.30 pm with a rich program and attractions - а Ferris wheel, a carousel and..

published on 11/22/24 4:24 PM

MPs fail to elect a Speaker of Parliament at fifth attempt

Yet another, already fifth attempt by MPs to elect a Parliamentary Speaker has failed. Four candidates were put to the vote - Natalia Kiselova from BSP-Unified Left, Petar Petrov from Vazrazhdane, Raya Nazaryan from GERB and Silvi Kirilov from ITN...

published on 11/22/24 3:40 PM

Heavy traffic of truck near Danube Bridge at the border with Romania

The traffic of trucks in the area of the Danube Bridge at the border with Romania is heavy.  This situation is expected to continue over the weekend as the trucks that were waiting at the Kapitan Andreevo crossing at the Bulgarian-Turkish border for..

published on 11/22/24 3:36 PM