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, books and services provided in sports halls will be also taxed with a 9% VAT during that period. Tour operators can also benefit from the lower VAT rate.
The cabinet’s decision is part of the package containing amendments to tax laws proposed by this country’s caretaker Minister of Finance Valeri Balchev.
The state cannot afford to increase public sector salaries by 10% this year, as demanded by trade unions. This was stated by Social Affairs Minister Borislav Gutsanov. The minister pointed out that taxes had not been changed, while pensions had been..
The President of the Democratic Republic of Timor-Leste, José Ramos-Horta, is on a working visit to Bulgaria. This is the first bilateral visit since the establishment of diplomatic relations between Bulgaria and East Timor in 2003...
On April 23 and 24 from 10 a.m. to 4 p.m. the movement of all vehicles through the Petrohan Pass - Road II-81 will be limited because the removal of trees within the boundaries of the road. While the necessary activities are being carried out in the..
A strong earthquake with a magnitude of 6.2 shook Istanbul at 12.49 local time and was felt to varying degrees across Bulgaria, BTA reported, citing the..
The full accession of Bulgaria and Romania to the Schengen area is strengthening the European Union's economy significantly. This is stated in a report..
Sofia has met the last criterion for entering the eurozone. After meeting the inflation criterion, the data on the budget deficit for..
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