VAT IN TOURISM MIGHT BE POSTPONED

Business | September 7, 2001, Friday // 00:00

The VAT introduction upon the tourist packages sold abroad, will be postponed with one more year. This was the pledge of Nikolay Vassilev before representatives of tour-operators companies and hotel-keepers, said Blagoy Ragin, president of the Hotel-Keepers Association. The Economy Minister will lobby for the deferment before his colleague Milen Velchev, Finance Minister, as well as before the IMF mission. Vassilev met tour-operators and hotel-keepers from Slanchev Bryag (Sunny Beach), Albena, Zlatni Pyasatsi (Golden Sands), Borovets and Bansko a day before he was to take-off to the economic forum in Poland. The hotel-keepers insisted the tax levy margin to be raised from 75,000 to 150,000 levs, Vassilev, however, committed himself only with the VAT, Ragin elaborated.

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