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Bulgaria reduces VAT for restaurants and entertainment establishments in tourism

The value added tax for restaurants and entertainment establishments in the tourism sector will be reduced to 9% from this summer to the end of 2021. The agreement was reached between Bulgaria’s Premier Boyko Borissov, the Association of Restaurants in..

12.05.20 13:14 |

Parties in governing coalition disagree over VAT in tourist sector

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..

05.05.20 17:03 |
Valeri Simeonov

Ruling coalition announces post-crisis recovery measures

All rights arising with the state of emergency shall be extended by 2 months after the expiry of the state of emergency on 13 May. Vouchers will be introduced to promote tourism. The vouchers will only be available to people who have paid social..

05.05.20 14:14 |
Minister Ananiev

Outdoor food establishments reopen under special conditions

Minister of Health Kiril Ananiyev has issued an order for the operation of outdoor areas in restaurants, fast food establishments, drinking establishments and cafes. As part of anti-epidemic measures, tables should be more than 2.5 meters apart,..

03.05.20 17:04 |

15 percent of restaurants, cafes in Bulgaria have gone bankrupt amid Covid-19 crisis

Bulgaria's restaurant owners demand that in the 60/40 state support for businesses the criterion of no budgetary obligations should be removed. Thus, the scheme would be more applicable to small businesses. Currently, less than 10% of firms in the..

16.04.20 11:25 |
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