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%.
On Tuesday, minimum temperatures will range from 5 to 10°C , 7°C in Sofia. There will be significant cloud cover throughout the day, with light precipitation in some eastern and mountainous regions. Maximum temperatures will range from 15 to 20°C ,..
An initiative committee led by the historian Georgi Markov, has proposed that a monument to Khan Asparuh, the founder of the Bulgarian state, be erected on the site of the former Soviet Army Monument in Sofia, in order to serve as a unifying symbol for..
Education Minister Krasimir Valchev is set to propose a public debate on banning social media for children under 15, reports BNR correspondent Nezabravka Kirova from Silistra, where the minister officially opened the new gym at the Atanas Burov..
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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