Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of..
The VAT rate for restaurateurs to become 20% again is one of the measures in the tax laws proposed by the Ministry of Finance . During the Covid epidemic, the tax rate for the industry was reduced to 9%. According to Minister Asen Vasilev, its..
The Ministry of Finance approved a concept of a draft bill of the state budget for 2023, according to which a deficit of 3% will be attained by raising some taxes, dropping preferential VAT as of mid-2023, and raising toll fees, as well as raising..
The Ministry of Finance presented a concept for a 2023 draft budget with a 3% deficit. The draft sets down a 10% increase in budgetary sector salaries in the sectors in which this has not yet been done. The draft also envisages the imposition..
Five people have been arrested in Bulgaria, the Czech Republic and Slovakia during an operation by the European Prosecutor's Office against cross-border VAT fraud . The operation under the name "Display" is being carried out in 10 EU member states -..
For the first time in many years, the state has been unable to collect the projected sum om VAT – it is 670 million Leva short (EUR 335 million), the Finance Ministry has announced. In July, parliament updated the budget, raising the projected..
The VAT registration threshold for companies in Bulgaria will be raised from €25,564 to €51,129 on January 1 next year. The National Assembly unanimously accepted the amendments proposed by "Democratic Bulgaria". In order to raise..
The National Assembly has amended the VAT exemption threshold for businesses from €25,500 to €51,000 of turnover from 2023. The amendments to the VAT law adopted at first reading affect a large number of small and medium-sized enterprises...
Following two days of debates, Bulgaria’s lawmakers have finally adopted the amendment of the 2022 state budget. “The MPs exercised responsibility against the backdrop of a complicated political situation. It will be difficult, yet not impossible,..
Zero VAT on bread and flour until July next year - this is the final decision of the National Assembly in the state budget update. The proposal to reduce VAT on oil, fruit and vegetables from 20 to 9 per cent was rejected. The excise duty on..
