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.
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 Hungarian presidency of the Council of the EU. We want to reach a decision by the end of the..
Yesterday, a new attempt was made to insinuate that Bulgaria would give cash to Ukraine, GERB leader Boyko Borissov said in parliament. At the closed session of the National Assembly discussing the NATO Summit in Washington, it became..
Bulgarian archaeologists have found a very well-preserved two-meter-high statue with a head In the ancient city of Heraclea Sintica. It was made by an artist who used a whole marble block to make the statue in the 2nd century AD..
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..
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..
The position Bulgaria is going to the NATO summit with indicates that Bulgaria could offer Ukraine EUR 80 million , caretaker PM Dimitar Glavchev told..
Clear