Value-added tax

SYRIZA’s 17 taxes that broke the back of the middle class

An avalalanche of over a dozen new taxes and tax hikes imposed during SYRIZA's four-and-a-half years in power is widely considered the main reason for the disastrous result of the 26 May European Parliament election.

The government's long string of tax hikes was in large measure due to its inability to meet fiscal targets agreed to with creditors.

Eurasia maps out priorities of ND’s economic policy

A New Democracy government would reduce taxes for households and enterprises, negotiate with the country's creditors for the revision of the primary surplus target of 3.5 percent of gross domestic product, and try to improve Greece's credit rating to investment grade, Eurasia says in a note on the priorities of the economic policy of the party it sees as a strong election favorite.

Bulgartransgaz Changed the Consortium, Which Will Build "Turkish Stream" Through Bulgaria

Bulgartransgaz changed the consortium, which will build "Turkish Stream" through Bulgaria. The reason - the previous favourite did not submit the required documents in time, and the second one, in the meantime, gave a more favourable offer. 

Almost 3000 Farmers have Received over 3 million leva for Pest Control

The State Fund "Agriculture" transferred over 3 million leva (BGN 3 031 795) under the scheme "Aid for compensating farmers for the implementation of measures under the National Program for Pest Control on Perennials during the Winter Period" in 2019. 2,959 producers who grow perennial fruit, strawberries and raspberries received subsidies.

Reduced VAT rates come into effect on goods, services

Reductions on value added tax on dozens of goods and services announced by the authorities over the past weeks came into effect on Monday.

The cuts relate to several goods on supermarket shelves which have had VAT cut to 13 percent from 24 percent and to restaurants and cafes where the lower rate has also been applied.

Today Is The Tax Freedom Day, From Now On Bulgarians Will Work Only For Themselves

Today is the day of tax freedom, according to economists from the Institute for Market Economics. Experts say that if we have worked for the government till today, we have already redeemed the budget and by the end of the year we will work only for ourselves. Therefore, it is symbolically assumed that we are free from our financial obligations from the specified day.