Bulgaria places second in the EU, together with Latvia, in terms of lowest tax revenue/gross domestic product ratio. In those two countries the tax revenue/GDP ratio amounts to 27.9%. Only in Lithuania the tax revenue/GDP ratio is lower-27.2%, data of the European Parliament about the EU states’ tax systems show. On the other hand, in The Netherlands, Belgium, Sweden, and Finland the GDP/tax revenue ratio is highest. Data of the EP also shows that the highest amount of revenues in Bulgaria’s treasury is collected from taxes levied on consumption. The value added tax in Bulgaria (20%) is among the lowest in the whole EU and only Germany, Cyprus, Malta and Luxembourg have lower VAT. On the other hand, Hungary has the highest VAT-27%, followed by Denmark, Croatia and Sweden with 25%. VAT in Romania and Finland amounts to 24%. In Romania, however, VAT on food was reduced to 9%.
During his visit to Bulgaria, which coincided with the signing of the Gaza agreement in the Egyptian resort of Sharm el-Sheikh, the German Foreign Minister Johann Wadephul commented on the ceasefire between Israel and Hamas. Bulgaria and..
The relations between Bulgaria and Germany are excellent. Germany is among our closest strategic partners. This was stated by Foreign Minister Georg Georgiev after a meeting with his visiting German counterpart Johann Wadephul. The two discussed..
Health Minister, Silvi Kirilov, will officially open the newly built helicopter landing pad at the Dr Tota Venkova Multiprofile Hospital for Active Treatment in Gabrovo today, the hospital's press office has announced. The helipad was certified at the..
The Ministry of Innovation and Growth is hosting a discussion on the topic "The Eurozone as part of the path to economic transformation". The press..
A themed exhibition dedicated to the pumpkin is one of the highlights of the traditional "Autumn Encounters with Plants" and the Days of Autumn..
On Wednesday, the lowest temperatures will range between 6°C and 11°C, around 7°C in Sofia. Cloud cover will remain significant over most of the..
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