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

Bulgarians prefer the democratic world

Trust in NATO (40.1%) and the EU (59.5%) in Bulgaria has increased by 8 and 5 percent respectively in comparison to 2023, according to a study by Gallup International Balkan on attitudes towards the two organizations.   Speaking to..

published on 10/2/24 12:06 PM

Good neighbourly relations are key to the EU integration of Balkan countries

At the invitation of his German counterpart Annalena Berbock, minister Ivan Kondov participated in the meeting of foreign ministers of the countries of the Berlin Process. At the forum in Berlin, Kondov pointed out the importance of..

published on 10/2/24 11:27 AM
Jerusalem, 1 October 2024

Bulgarians in Israel are calm before the holiday of Rosh Hashanah

Bulgarian Jew David Levi, who survived Iran's missile attack against Israel in a bomb shelter, has told BNR that the situation in the country has calmed down with the opening of the airspace. This is a sign that the attack has passed,..

published on 10/2/24 10:39 AM