The ruling parties in Bulgaria's government did not reach agreement on reducing VAT in tourism and the restaurant sector. There is no reason to reduce VAT amidst the current crisis and the state budget cannot afford it, GERB members said. We..
"Bulgaria is experiencing a fall in fuel prices. There has been a decrease in the last 3 months by about 19% for gasoline and 17% for diesel . Bulgarian fuel prices before VAT and excise duty are slightly below average European levels", energy expert..
The Special Prosecutor's Office and the General Directorate Combating Organized Crime have arrested four people in an operation against tax fraud. During searches of homes and offices of the detainees, over 383,000 euros were found. Through companies..
Following statements that the state authorities failed to collect nearly EUR 8 billion from value added tax in the past 18 years the National Assembly Monitoring Committee on the Revenue Agencies and Combating Parallel Economy and Smuggling will..
Food donated 30 days or more before expiry date will be exempt from value added tax (VAT), Bulgaria’s National Assembly decided on Thursday. For the purpose, the labelling of the food products must read the following: Donation-Not for Sale. The cost..
The Bulgarian government has agreed to change the threshold VAT limit from 2500 to 5,000 euro. The introduction of the reverse charge mechanism of VAT will contribute to the reduction of losses from VAT fraud and on the other hand will limit unfair..
