02 March 2024 / 13:13 RU

    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% as of January 1, 2021. The agreement was reached between Bulgaria’s Premier Boyko Borissov, the Association of Restaurants and Bulgaria and the Bulgarian Hotel and Restaurant Association, this country’s government has announced, according to BNR. "We are taking a political risk with this decision. However, the decision is in support of the losses stemming from the Covid-19 crisis and has been agreed with the Ministry of Finance", Premier Borissov underlined. In return, gray economy in this sector should be reduced to zero, Premier Borissov has demanded. The amendments to H-18 regulation were delayed for next year. Elaboration of anti-crisis credit plan and grants from the Bulgarian Development Bank were also negotiated during the meeting.


    12 May 2020 / 13:23

Latest news

    Freedom House: Azerbaijani leadership may launch a full-scale invasion of the Republic of Armenia

    01 March 2024 / 13:02

    Russia MFA on Russian border guards in Nerkin Hand village: Armenia Security Council chief distorts facts

    29 February 2024 / 12:04

    Miller: Washington continues to encourage Armenia, Azerbaijan to reach lasting agreement

    28 February 2024 / 13:43

    Armenia, Azerbaijan FMs’ talk kicks off in Berlin

    28 February 2024 / 13:03

    Armenian, Azeri FMs to meet in Berlin in late February

    27 February 2024 / 11:21

    Kremlin: Putin did not talk with Pashinyan about Armenia's CSTO membership

    27 February 2024 / 11:15

    Armenia PM travels to Greece with wife

    27 February 2024 / 11:08

    Bayramov: Armenia, Azerbaijan to hold fresh talks soon

    26 February 2024 / 13:32

    Moscow street named after Soviet spying legend Gevork Vartanian

    26 February 2024 / 13:04

    France defense minister: Armenia will be provided with short-, medium-range missiles if necessary

    23 February 2024 / 15:34

    Armenian defense minister warns of risk of Azerbaijani attack

    23 February 2024 / 15:08

    Pashinyan announces withdrawal from CSTO and negotiations with Azerbaijan in interview to French channel

    23 February 2024 / 14:21

    Nikol Pashinyan: Azerbaijan attack on Armenia is very likely

    23 February 2024 / 13:51

    Emmanuel Macron: France has given its consent for defense military equipment delivery to Armenia

    22 February 2024 / 11:12

    Armenia’s Pashinyan, France’s Macron attend reburial of remains of Missak Manouchian, his wife

    22 February 2024 / 11:04

All news