Bulgaria's National Revenue Agency has prevented VAT fraud in excess of 150,000 euros. According to the revenue agency, the fraud relates to a company that, when importing from China through Greece, has tried to avoid paying the indirect tax through..
At a meeting with bread producers in Dobrich, President Rumen Radev said that the Value Added Tax on bread should be reduced to 9%. According to him, this strategic decision would lead to effectiveness in the fight against the gray economy. The..
11 professional organizations in stockbreeding are demanding an urgent meeting with the prime minister, and the ministers of finance and agriculture. In a letter sent to the institutions they are demanding a reduction of VAT on dairy and meat..
The National Assembly approved, by unanimity, to keep the 9% VAT rate until the end of 2022, in the sectors affected by the Covid-19 pandemic. The lower VAT rate concerns the restaurant business, sports halls, books and some baby products. For..
Following a decision of Bulgaria’s caretaker cabinet, this country will keep 9% value added tax on foods, non-alcoholic beverages, beer and wine served in catering establishments until the end of the emergency epidemic situation. Baby products,..
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..
The National Trade Union of Bakers insists on a VAT reduction of 9% on all goods and services. According to them, this is the only working measure against inflation and the jump in the prices of basic goods. The price of bread is formed not only by..
The Bulgarian Ministry of Health has come out with a proposal to reduce the VAT on medicines paid for by the Health Insurance Fund or the Ministry from 20 to 5%. These are medicines for home and hospital treatment and the reduction of their tax will..
Bulgaria was about to have the most reform-minded cabinet, said Nikolay Vassilev at a press conference of "There is Such a People" party. Initially, Nikolay Vassilev was nominated for the position of Prime Minister of Bulgaria, but later ITN withdrew..
As of July 1, the price of consignments arriving to Bulgaria from non-EU countries, including the UK and China, is going up. The VAT exemption for imported consignments amounting to EUR 15 or less will be abolished as of July 1. Value added tax will..
