IMF Concludes Regular Mission in Bulgaria, Recommends Restoring VAT to Pre-Pandemic Levels
The International Monetary Fund (IMF) has wrapped up its regular mission in Bulgaria
Bulgaria NRA Director Confirms Gambling Tax Agreement
Business | March 27, 2010, Saturday // 13:28
- Tweet
Send to Kindle
Stefanov concluded that the government's anti-crisis proposal to increase V.A.T from 20% to 22% is also likely to be adopted by the Council. Photo by Sofia Photo Agency
The Executive Director of Bulgaria’s National Revenue Agency (NAP), Krasimir Stefanov, has announced that the Tripartite Cooperation Council has adopted the proposed 10% tax on all gambling.
The Council of employers, unions and government representatives agreed unanimously to adopt the proposal that puts a 10% tax on all winnings from bets, Stefanov stated Saturday. He added that the tax could add BGN 150 M to the budget annually. He added that BGN 600 M could be added to the national budget from NAP before the end of the year.
Stefanov concluded that the government's anti-crisis proposal to increase V.A.T from 20% to 22% is also likely to be adopted by the Council.
Earlier Saturday rightist Blue Coalition co-leader Martin Dimitrov said that his party will not support the V.A.T increase as it will hurt businesses that instead need to receive help during the crisis.
We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!
Related Articles:
Bulgarian Parliament Votes to Prolong 9% VAT for Restaurants Until 2024 End
In a significant decision, Members of Parliament have passed a bill extending the reduced VAT rate of 9% for restaurants until December 31, 2024
Business | December 13, 2023, Wednesday // 09:39
At First Reading: Threshold for Mandatory VAT Registration in Bulgaria to be BGN 100,000 Turnover
The Parliament changed the threshold for mandatory VAT registration from 50,000 to 100,000 BGN (51,000 EUR) turnover. The amendment was accepted at first reading
The Committee on Budgets Decided: 0% VAT on Bread in Bulgaria
At an extraordinary meeting of the parliamentary Committee on Budget and Finance, deputies voted for zero VAT on bread
Bulgaria Anti-Crisis Package: 0% VAT on Bread, Modernization of Pensions, Discount on Fuel
0% VAT on bread, modernization of pensions by nearly 20%, higher tax breaks for families with children and discounts on fuel, including petrol and diesel - these are just some of the measures in the anti-crisis package adopted during yesterday's coalition
Politics | May 18, 2022, Wednesday // 10:31
Bulgaria’s Cabinet with Anti-Crisis Measures: Discounts on Refueling
Three steps are set to control the price shock for fuels - among them the abolition of excise duty on gas as a motor fuel and a discount on refueling with petrol and diesel up to a certain limit.
FlixBus Expands Routes from Bulgaria: New Connections to Thessaloniki, Athens, and More
FlixBus, the renowned European bus company, is set to launch new routes to and from Bulgaria in anticipation of the summer season
Russian Forces Capture Strategic Village of Ocheretyne in Donetsk Region
In a significant development, the Russian army has seized control of the pivotal village of Ocheretyne in the Donetsk region of Ukraine, a strategic location crucial for Ukrainian defense efforts
Business | April 24, 2024, Wednesday // 16:10
Bulgaria Sees Surge in Lamb Prices as Retail Costs Rise
The price of retail lamb in Bulgaria has surged by 8.4% on an annual basis, according to statistics released by the Ministry of Agriculture and Food, with data sourced from SAPI indicating an average price of BGN 25.27 per kilogram as of April 10
Russian Nationals Accused of Falsifying Documents for Bulgarian Citizenship
In a concerning revelation, the ad hoc committee investigating the activities of Gleb Myshin uncovered that over the past three to four years, a staggering 343 candidates from the Russian Federation seeking Bulgarian citizenship were discovered to have su
Business | April 23, 2024, Tuesday // 16:35
Bulgaria's Tourism Sector Pushes for Extension of Work Visas from Third Countries
As the summer season draws near, the issue of staffing in the tourism sector in Bulgaria comes to the forefront once again, with the workforce having to depend on individuals from foreign countries for yet another year
65.3% of Bulgarian Workers Earn Below Subsistence Level
According to recent data from the Confederation of Independent Trade Unions of Bulgaria (CITUB), the financial strain on Bulgarian households continues to intensify
