Bulgarian tour operators and travel agents are hoping the new parliament will reconsider the decision to revert to the higher VAT (20%) for the industry as of 1 July. They are insisting that tourist packages be subject to 9% VAT until the end of 2024, as has been the case for restaurant operators.
“Unless that happens we shall have to pay hundreds of thousands of leva to make up for the difference up to 20% because the tourist packages were sold last year, budgeting for a VAT rate amounting to 9% and we cannot update prices now,” said Dimitrina Goranova, chair of the Association of Bulgarian Tour Operators and Travel Agents in an interview with the Bulgarian news agency BTA.
A lower VAT rate was introduced three years ago as a temporary measure during the Covid pandemic but tour operators say they have not yet reached 2019 levels, and are insisting that the 9% VAT rate for the industry remain in place.
The Bulgarian Society for the Protection of Birds announced the first successful hatching of Egyptian vultures in the wild in our country. The bird is considered the most endangered species on the Balkan Peninsula. The female..
From his Facebook profile, the co-chairman of "We Continue the Change" Kiril Petkov announced that the PP-DB coalition will not negotiate with "Vazrazhdane" to form a cabinet. He defined as "media suggestions" the claims that such..
The Ukrainian Embassy in Bulgaria has called on officials and political forces to refrain from using the topic of the war for political purposes. The diplomatic mission emphasizes that Ukrainians pay the most terrible price every day..
Hungary’s Deputy Interior Minister Bence Retvari stated that the abolition of Bulgaria and Romania’s Schengen borders by land is very important to the..
The position Bulgaria is going to the NATO summit with indicates that Bulgaria could offer Ukraine EUR 80 million , caretaker PM Dimitar Glavchev told..
ContourGlobal Maritsa East 3 TPP has announced that another 160 people from the coal-fired power plant will be laid off in the coming months after the..
Clear