Bulgarian Lawmakers Discuss President’s Veto on VAT Act

Politics » DOMESTIC | December 2, 2020, Wednesday // 11:08
Bulgaria: Bulgarian Lawmakers Discuss President’s Veto on VAT Act wiki

 

The parliamentary Committee on Budget and Finance will vote at first reading GERB's proposal to exempt Covid-19 vaccines from the indirect tax next year.

Lawmakers will also discuss President Rumen Radev's veto on texts of the VAT Act.

According to prime minister Boyko Borisяov's promises, Covid-19 vaccines will be free and vaccination voluntary, and on Friday lawmakers from his party proposed that they should be exempt from VAT next year.

Draft texts also exempt indirect tax from Coronavirus tests related to IVF procedures.

The Committee on Budget will also discuss the President's veto on changes to the cost of fast-rate loans made through the texts of the VAT law.

At the proposal of independent MP Spas Panchev, a limit on the double increase of the principal sum in case of arrears was put in effect, but due to the sharp public response to the budget act for next year, this norm was abolished.

Nevertheless, legal ambiguity remained, since the President had already vetoed the texts, and it was published yesterday in the State Gazette.

 

We need your support so Novinite.com can keep delivering news and information about Bulgaria! Thank you!

Domestic » Be a reporter: Write and send your article
Tags: Bulgaria, parliament, budget committee
Advertisement
Advertisement
Expats.bg All Are Welcome! Join Now!
Bulgaria news Novinite.com (Sofia News Agency - www.sofianewsagency.com) is unique with being a real time news provider in English that informs its readers about the latest Bulgarian news. The editorial staff also publishes a daily online newspaper "Sofia Morning News." Novinite.com (Sofia News Agency - www.sofianewsagency.com) and Sofia Morning News publish the latest economic, political and cultural news that take place in Bulgaria. Foreign media analysis on Bulgaria and World News in Brief are also part of the web site and the online newspaper. News Bulgaria